Saba Capital Income & Opportunities Fund (BRW) to Issue Monthly Dividend of $0.09 on November 30th

Saba Capital Income & Opportunities Fund (NYSE:BRW) announced a monthly dividend on Friday, October 30th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.0850 per share on Monday, November 30th. This represents a $1.02 dividend on an annualized basis and a yield of 16.9%. The ex-dividend date of this dividend is Tuesday, November 10th.

Saba Capital Income & Opportunities Fund has raised its dividend payment by an average of 45.7% annually over the last three years.

Saba Capital Income & Opportunities Fund Price Performance

BRW stock opened at $6.04 on Friday. Saba Capital Income & Opportunities Fund has a one year low of $5.82 and a one year high of $7.29. The company’s fifty day moving average price is $6.10 and its 200-day moving average price is $6.52.

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.