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

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) declared a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Investors of record on Wednesday, April 9th will be given a dividend of 0.085 per share on Wednesday, April 30th. This represents a $1.02 annualized dividend and a yield of 13.13%. The ex-dividend date is Wednesday, April 9th.

Saba Capital Income & Opportunities Fund Price Performance

Shares of NYSEARCA BRW remained flat at $7.77 during midday trading on Wednesday. 69,966 shares of the stock were exchanged, compared to its average volume of 162,190. Saba Capital Income & Opportunities Fund has a 1-year low of $6.86 and a 1-year high of $8.04. The stock’s 50-day simple moving average is $7.81 and its 200 day simple moving average is $7.68.

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.