Saba Capital Income & Opportunities Fund (NYSEARCA:BRW – Get Rating) announced a monthly dividend on Friday, December 30th, NASDAQ reports. Investors of record on Tuesday, January 10th will be given a dividend of 0.087 per share on Tuesday, January 31st. This represents a $1.04 dividend on an annualized basis and a yield of 13.32%. The ex-dividend date is Monday, January 9th.

Saba Capital Income & Opportunities Fund Stock Performance

BRW opened at $7.84 on Friday. Saba Capital Income & Opportunities Fund has a 1-year low of $7.46 and a 1-year high of $9.30. The stock's fifty day simple moving average is $7.84 and its 200 day simple moving average is $8.00.

Insider Activity at Saba Capital Income & Opportunities Fund

In related news, major shareholder Saba Capital Management, L.P. sold 31,134 shares of the stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $7.80, for a total value of $242,845.20. Following the sale, the insider now owns 4,281,339 shares in the company, valued at approximately $33,394,444.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

About Saba Capital Income & Opportunities Fund

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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.

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