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

Saba Capital Income & Opportunities Fund II (NYSE:SABA) declared a monthly dividend on Tuesday, December 31st,Wall Street Journal reports. Stockholders of record on Friday, January 10th will be paid a dividend of 0.058 per share on Friday, January 31st. This represents a $0.70 annualized dividend and a dividend yield of 7.71%. The ex-dividend date is Friday, January 10th.

Saba Capital Income & Opportunities Fund II Trading Down 0.2 %

Saba Capital Income & Opportunities Fund II stock opened at $9.03 on Wednesday. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $7.28 and a fifty-two week high of $9.24. The firm has a 50 day moving average price of $8.84 and a 200 day moving average price of $8.48.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. sold 4,881 shares of Saba Capital Income & Opportunities Fund II stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $8.60, for a total value of $41,976.60. Following the completion of the transaction, the insider now owns 3,238,188 shares in the company, valued at approximately $27,848,416.80. The trade was a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 84,480 shares of company stock valued at $718,845. 5.62% of the stock is currently owned by corporate 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.