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

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) announced a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Shareholders of record on Thursday, May 9th will be given a dividend of 0.085 per share on Friday, May 31st. This represents a $1.02 dividend on an annualized basis and a yield of 13.99%. The ex-dividend date is Wednesday, May 8th.

Saba Capital Income & Opportunities Fund Price Performance

Shares of NYSEARCA:BRW traded up $0.04 on Thursday, reaching $7.29. 108,579 shares of the company traded hands, compared to its average volume of 195,749. Saba Capital Income & Opportunities Fund has a fifty-two week low of $7.02 and a fifty-two week high of $8.07. The company’s 50 day moving average is $7.25 and its 200-day moving average is $7.45.

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.