Saba Capital Income & Opportunities Fund (NYSE:BRW – Get Free Report) announced a monthly dividend on Friday, October 30th. Stockholders of record on Tuesday, November 10th will be given a dividend of $0.0850 per share on Monday, November 30th. This represents a $1.02 annualized dividend and a dividend yield of 16.9%. The ex-dividend date is Tuesday, November 10th.
Saba Capital Income & Opportunities Fund has raised its dividend by an average of 45.7% per year over the last three years.
Saba Capital Income & Opportunities Fund Stock Performance
Shares of NYSE BRW opened at $6.04 on Friday. The stock’s fifty day moving average is $6.10 and its 200 day moving average is $6.52. Saba Capital Income & Opportunities Fund has a 52 week low of $5.82 and a 52 week high of $7.29.
Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund
Hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in shares of Saba Capital Income & Opportunities Fund during the 2nd quarter worth approximately $29,000. Parallel Advisors LLC raised its position in Saba Capital Income & Opportunities Fund by 25.2% during the first quarter. Parallel Advisors LLC now owns 8,556 shares of the company’s stock valued at $58,000 after purchasing an additional 1,722 shares in the last quarter. PFG Investments LLC acquired a new position in Saba Capital Income & Opportunities Fund during the first quarter valued at approximately $70,000. Lido Advisors LLC bought a new stake in Saba Capital Income & Opportunities Fund during the first quarter worth $78,000. Finally, AMG National Trust Bank bought a new stake in Saba Capital Income & Opportunities Fund during the third quarter worth $83,000.
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. It primarily invests in floating rate secured senior loans, with an emphasis on top-tier, non-investment grade senior loans. The fund seeks to invest in loans with maturities of one to ten years.
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