Saba Capital Income & Opportunities Fund (NYSE:BRW) Stock to Pay Monthly Dividend of $0.09

Saba Capital Income & Opportunities Fund (NYSE:BRW) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Friday, October 9th will be given a dividend of $0.0850 per share on Friday, October 30th. This represents a $1.02 dividend on an annualized basis and a yield of 16.8%. The ex-dividend date of this dividend is Friday, October 9th.

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

Saba Capital Income & Opportunities Fund Price Performance

Saba Capital Income & Opportunities Fund stock traded up $0.07 during mid-day trading on Thursday, reaching $6.08. 443,405 shares of the company were exchanged, compared to its average volume of 243,307. The company has a fifty day simple moving average of $6.44 and a 200-day simple moving average of $6.61. Saba Capital Income & Opportunities Fund has a 12 month low of $5.99 and a 12 month high of $7.75.

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.