Saba Capital Income & Opportunities Fund (BRW) to Issue Monthly Dividend of $0.09 on March 31st

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) declared a monthly dividend on Friday, February 27th. Stockholders of record on Tuesday, March 10th will be given a dividend of 0.085 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 15.5%. The ex-dividend date of this dividend is Tuesday, March 10th.

Saba Capital Income & Opportunities Fund Price Performance

Shares of NYSEARCA BRW traded down $0.02 during mid-day trading on Friday, reaching $6.56. 179,544 shares of the company traded hands, compared to its average volume of 304,399. Saba Capital Income & Opportunities Fund has a fifty-two week low of $6.38 and a fifty-two week high of $8.49. The stock has a fifty day simple moving average of $6.73 and a 200-day simple moving average of $7.26.

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.