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

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) announced a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, March 11th will be paid a dividend of 0.085 per share on Monday, March 31st. This represents a $1.02 annualized dividend and a dividend yield of 12.94%. The ex-dividend date of this dividend is Tuesday, March 11th.

Saba Capital Income & Opportunities Fund Price Performance

BRW traded up $0.01 during trading on Tuesday, hitting $7.88. The company’s stock had a trading volume of 193,620 shares, compared to its average volume of 244,520. Saba Capital Income & Opportunities Fund has a twelve month low of $6.86 and a twelve month high of $8.04. The stock’s fifty day moving average price is $7.80 and its 200-day moving average price is $7.63.

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.