Saba Capital Income & Opportunities Fund II (NYSE:SABA) Plans $0.06 Monthly Dividend

Saba Capital Income & Opportunities Fund II (NYSE:SABA) declared a monthly dividend on Friday, February 27th. Stockholders of record on Tuesday, March 10th will be given a dividend of 0.058 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend is Tuesday, March 10th.

Saba Capital Income & Opportunities Fund II Price Performance

Shares of SABA opened at $8.18 on Friday. Saba Capital Income & Opportunities Fund II has a one year low of $7.72 and a one year high of $9.46. The business’s 50 day simple moving average is $8.18 and its 200-day simple moving average is $8.65.

Hedge Funds Weigh In On Saba Capital Income & Opportunities Fund II

A number of institutional investors and hedge funds have recently bought and sold shares of SABA. Farther Finance Advisors LLC acquired a new stake in shares of Saba Capital Income & Opportunities Fund II in the third quarter valued at $76,000. Shrier Wealth Management LLC acquired a new position in Saba Capital Income & Opportunities Fund II during the 4th quarter worth about $94,000. Joel Isaacson & Co. LLC acquired a new position in Saba Capital Income & Opportunities Fund II during the 3rd quarter worth about $105,000. HB Wealth Management LLC bought a new stake in Saba Capital Income & Opportunities Fund II during the 3rd quarter worth about $114,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Saba Capital Income & Opportunities Fund II during the 4th quarter worth about $116,000. Institutional investors and hedge funds own 22.22% of the company’s stock.

About Saba Capital Income & Opportunities Fund II

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. Morgan Global Government Bond Index. Saba Capital Income & Opportunities Fund II was formed on March 17, 1988 and is domiciled in the United States.