Saba Capital Income & Opportunities Fund II (NYSE:SABA) Plans Monthly Dividend of $0.06

Saba Capital Income & Opportunities Fund II (NYSE:SABA) announced a monthly dividend on Friday, November 1st, Wall Street Journal reports. Shareholders of record on Monday, November 11th will be paid a dividend of 0.058 per share on Friday, November 29th. This represents a $0.70 dividend on an annualized basis and a yield of 8.09%. The ex-dividend date is Friday, November 8th.

Saba Capital Income & Opportunities Fund II Stock Up 0.6 %

Shares of NYSE SABA opened at $8.60 on Wednesday. Saba Capital Income & Opportunities Fund II has a twelve month low of $7.28 and a twelve month high of $8.73. The stock has a fifty day simple moving average of $8.50 and a 200-day simple moving average of $8.08.

Insider Activity at Saba Capital Income & Opportunities Fund II

In other Saba Capital Income & Opportunities Fund II news, major shareholder Saba Capital Management, L.P. sold 70,046 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $8.38, for a total transaction of $586,985.48. Following the sale, the insider now directly owns 3,346,812 shares in the company, valued at $28,046,284.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 180,112 shares of company stock worth $1,523,150 in the last three months. 6.18% of the stock is owned by company insiders.

About Saba Capital Income & Opportunities Fund II

Saba Capital Income & Opportunities Fund II is a closed-ended fixed income mutual fund launched and managed by Saba Capital Management, L.P. The fund invests in fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P.