Saba Capital Income & Opportunities Fund II (SABA) to Issue Monthly Dividend of $0.03 on May 31st

Saba Capital Income & Opportunities Fund II (NYSEARCA:SABA) announced a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Stockholders of record on Thursday, May 9th will be given a dividend of 0.029 per share on Friday, May 31st. This represents a $0.35 annualized dividend and a dividend yield of 8.99%. The ex-dividend date is Wednesday, May 8th.

Saba Capital Income & Opportunities Fund II Price Performance

NYSEARCA:SABA opened at $3.87 on Friday. The business’s 50 day moving average is $3.78. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $3.64 and a fifty-two week high of $4.35.

Saba Capital Income & Opportunities Fund II’s stock is set to reverse split before the market opens on Monday, June 24th. The 1-2 reverse split was announced on Wednesday, May 1st. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, June 21st.

Saba Capital Income & Opportunities Fund II Company Profile

Saba Capital Income & Opportunities Fund II is a closed-ended fixed income mutual fund launched and managed by Saba Capital Management, L.P. The fund invests in fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P.