Saba Closed-End Funds ETF (BATS:CEFS) Plans Dividend Increase – $0.22 Per Share

Saba Closed-End Funds ETF (BATS:CEFS) announced a dividend on Friday, December 27th,NASDAQ Dividends reports. Shareholders of record on Monday, December 30th will be given a dividend of 0.2197 per share on Tuesday, December 31st. The ex-dividend date is Monday, December 30th. This is an increase from Saba Closed-End Funds ETF’s previous dividend of $0.14.

Saba Closed-End Funds ETF Stock Down 0.4 %

Shares of CEFS stock traded down $0.08 during mid-day trading on Friday, hitting $21.77. 49,098 shares of the company’s stock were exchanged. The stock has a market cap of $201.37 million, a price-to-earnings ratio of 18.35 and a beta of 0.72. Saba Closed-End Funds ETF has a fifty-two week low of $19.83 and a fifty-two week high of $22.14. The stock has a 50-day simple moving average of $22.13 and a two-hundred day simple moving average of $21.77.

Saba Closed-End Funds ETF Company Profile

The Saba Closed-End Funds ETF (CEFS) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that seeks to generate high income by investing in closed-end funds trading at a discount to net asset value and hedging for duration risk.