Saba Capital Income & Opportunities Fund Declares Monthly Dividend of $0.09 (NYSEARCA:BRW)

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) announced a monthly dividend on Thursday, April 30th. Stockholders of record on Monday, May 11th will be given a dividend of 0.085 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 14.9%. The ex-dividend date is Monday, May 11th.

Saba Capital Income & Opportunities Fund Stock Down 0.6%

NYSEARCA BRW traded down $0.04 during trading hours on Friday, reaching $6.83. 169,512 shares of the company’s stock were exchanged, compared to its average volume of 266,087. Saba Capital Income & Opportunities Fund has a one year low of $6.38 and a one year high of $8.49. The firm has a fifty day moving average of $6.65 and a 200-day moving average of $6.90.

Saba Capital Income & Opportunities Fund Company Profile

Saba Capital Income & Opportunities Fund is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. The fund is managed by Saba Capital Management, L.P. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in floating rate secured senior loans, with an emphasis on top-tier, non-investment grade senior loans. The fund seeks to invest in loans with maturities of one to ten years.