Saba Capital Income & Opportunities Fund II (NYSEARCA:SABA) to Issue Monthly Dividend of $0.03

Saba Capital Income & Opportunities Fund II (NYSEARCA:SABA) declared a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Shareholders of record on Thursday, May 9th will be given a dividend of 0.029 per share on Friday, May 31st. This represents a $0.35 dividend on an annualized basis and a yield of 9.09%. The ex-dividend date is Wednesday, May 8th.

Saba Capital Income & Opportunities Fund II Price Performance

SABA stock remained flat at $3.83 during mid-day trading on Thursday. The company’s stock had a trading volume of 248,500 shares, compared to its average volume of 269,668. Saba Capital Income & Opportunities Fund II has a fifty-two week low of $3.64 and a fifty-two week high of $4.35. The company’s fifty day moving average is $3.78.

Saba Capital Income & Opportunities Fund II shares are scheduled to reverse split on the morning of 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 market closes on Friday, June 21st.

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.