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

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) declared a monthly dividend on Wednesday, October 2nd, Wall Street Journal reports. Investors of record on Wednesday, October 9th will be given a dividend of 0.085 per share on Thursday, October 31st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 13.64%. The ex-dividend date is Wednesday, October 9th.

Saba Capital Income & Opportunities Fund Stock Performance

NYSEARCA:BRW traded up $0.02 on Wednesday, hitting $7.48. 119,446 shares of the stock were exchanged, compared to its average volume of 162,754. The company’s 50-day moving average price is $7.36 and its 200 day moving average price is $7.24. Saba Capital Income & Opportunities Fund has a 52 week low of $6.86 and a 52 week high of $7.94.

About Saba Capital Income & Opportunities Fund

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.