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

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) declared a monthly dividend on Monday, September 30th, Wall Street Journal reports. Shareholders of record on Wednesday, October 9th will be paid a dividend of 0.085 per share on Thursday, October 31st. This represents a $1.02 dividend on an annualized basis and a yield of 13.67%. The ex-dividend date of this dividend is Wednesday, October 9th.

Saba Capital Income & Opportunities Fund Price Performance

Shares of NYSEARCA BRW remained flat at $7.46 during midday trading on Wednesday. 123,440 shares of the stock were exchanged, compared to its average volume of 162,775. The firm has a fifty day moving average price of $7.36 and a 200-day moving average price of $7.24. Saba Capital Income & Opportunities Fund has a twelve month low of $6.86 and a twelve month high of $7.94.

Saba Capital Income & Opportunities Fund Company Profile

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.