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

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW – Get Rating) announced a monthly dividend on Friday, July 29th, NASDAQ reports. Investors of record on Tuesday, August 9th will be given a dividend of 0.089 per share on Wednesday, August 31st. This represents a $1.07 dividend on an annualized basis and a yield of 12.59%. The ex-dividend date is Monday, August 8th.

Saba Capital Income & Opportunities Fund Price Performance

Saba Capital Income & Opportunities Fund stock opened at $8.48 on Friday. Saba Capital Income & Opportunities Fund has a 1-year low of $7.83 and a 1-year high of $9.62. The firm’s 50 day simple moving average is $8.15 and its 200 day simple moving average is $8.52.

Insiders Place Their Bets

In other Saba Capital Income & Opportunities Fund news, major shareholder Saba Capital Management, L.P. sold 13,511 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $8.23, for a total value of $111,195.53. Following the completion of the transaction, the insider now owns 4,622,460 shares of the company’s stock, valued at approximately $38,042,845.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 194,798 shares of company stock valued at $1,019,219 in the last quarter.

Institutional Investors Weigh In On Saba Capital Income & Opportunities Fund

A hedge fund recently raised its stake in Saba Capital Income & Opportunities Fund stock. Raymond James & Associates increased its holdings in Saba Capital Income & Opportunities Fund (NYSEARCA:BRW – Get Rating) by 55.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 88,480 shares of the company’s stock after purchasing an additional 31,715 shares during the period. Raymond James & Associates’ holdings in Saba Capital Income & Opportunities Fund were worth $400,000 as of its most recent SEC filing.

About Saba Capital Income & Opportunities Fund

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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.