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

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) declared a monthly dividend on Friday, January 30th. Stockholders of record on Tuesday, February 10th will be paid a dividend of 0.085 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 15.6%. The ex-dividend date of this dividend is Tuesday, February 10th.

Saba Capital Income & Opportunities Fund Price Performance

Shares of BRW stock opened at $6.54 on Friday. The stock’s fifty day simple moving average is $6.96 and its 200 day simple moving average is $7.52. Saba Capital Income & Opportunities Fund has a one year low of $6.52 and a one year high of $8.49.

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.