Saba Capital Income & Opportunities Fund II (SABA) to Issue Dividend of $0.06 on December 31st

Saba Capital Income & Opportunities Fund II (NYSE:SABA) announced a dividend on Monday, December 2nd,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 10th will be given a dividend of 0.058 per share on Tuesday, December 31st. The ex-dividend date of this dividend is Tuesday, December 10th.

Saba Capital Income & Opportunities Fund II Price Performance

NYSE SABA opened at $8.99 on Wednesday. The company’s 50 day moving average is $8.62 and its 200-day moving average is $8.23. Saba Capital Income & Opportunities Fund II has a 12-month low of $7.28 and a 12-month high of $9.03.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. sold 70,046 shares of Saba Capital Income & Opportunities Fund II stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $8.38, for a total transaction of $586,985.48. Following the completion of the sale, the insider now owns 3,346,812 shares of the company’s stock, valued at approximately $28,046,284.56. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 180,112 shares of company stock worth $1,523,150 in the last quarter. 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.