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

Key Points

• Saba Capital Income & Opportunities Fund II will pay a monthly dividend of $0.058 per share to shareholders of record on May 11, payable on May 29, implying an annualized yield of about 8.2%.
• The fund is a closed‑end, actively managed fixed‑income vehicle run by Saba Capital that primarily invests in government bonds and benchmarks the J.P. Morgan Global Government Bond Index.
• Shares recently traded at $8.52 (volume 78,708 vs. average 105,542) with a 12‑month range of $7.96–$9.46 and 50‑day/200‑day moving averages of $8.26 and $8.42, respectively.

Saba Capital Income & Opportunities Fund II (NYSE:SABA - Get Free Report) announced a monthly dividend on Thursday, April 30th. Shareholders of record on Monday, May 11th will be paid a dividend of 0.058 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Monday, May 11th.

Saba Capital Income & Opportunities Fund II Price Performance

NYSE SABA traded up $0.01 on Friday, reaching $8.52. The company's stock had a trading volume of 78,708 shares, compared to its average volume of 105,542. Saba Capital Income & Opportunities Fund II has a twelve month low of $7.96 and a twelve month high of $9.46. The firm's 50 day moving average is $8.26 and its two-hundred day moving average is $8.42.

Saba Capital Income & Opportunities Fund II Company Profile

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. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.

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