Saba Capital Income & Opportunities Fund (BRW) Dividend
Saba Capital Income & Opportunities Fund (BRW) currently pays a dividend yield of 17.32%, distributing $1.02 per share annually ($0.09 per month). The company operates in the Financial Services sector.
BRW dividend at a glance
| Dividend Yield | 17.32% |
|---|---|
| Annual Dividend | $1.02 per share |
| Per Payment | $0.09 |
| Payout Frequency | Monthly |
| Payments per Year | 12 |
| Next Ex-Dividend Date | November 9, 2026 |
| Next Payment Date | October 30, 2026 |
| Payout Ratio | 132% |
| Sector | Financial Services |
| Implied Share Price (from yield) | $5.89 |
What BRW pays on a $10,000 investment
At a 17.32% yield, $10,000 invested in BRW generates about $1,732.00 per year, or roughly $144.33 every month. Share counts below use an implied price of $5.89, derived from the $1.02 annual dividend and the 17.32% yield.
| Amount Invested | Approx. Shares | Annual Dividend Income | Income per Month |
|---|---|---|---|
| $1,000 | 169.8 | $173.20 | $14.43 |
| $5,000 | 849 | $866.00 | $72.17 |
| $10,000 | 1,698 | $1,732.00 | $144.33 |
| $25,000 | 4,245.1 | $4,330.00 | $360.83 |
| $100,000 | 16,980.4 | $17,320.00 | $1,443.33 |
These figures assume the dividend and share price stay where they are today. They do not account for taxes, dividend cuts, price movement, or reinvestment. If you reinvest instead of taking the cash, the share count grows each month — see how the dividend snowball compounds.
BRW dividend payment schedule
BRW pays on a monthly schedule — 12 payments a year. The next confirmed ex-dividend date is November 9, 2026, with payment on October 30, 2026. Later rows are projected forward at the same interval and will shift when Saba Capital Income & Opportunities Fund declares each dividend.
| Ex-Dividend Date | Payment Date | Amount per Share | Status |
|---|---|---|---|
| November 9, 2026 | October 30, 2026 | $0.09 | Confirmed |
| December 9, 2026 | November 29, 2026 | $0.09 | Projected |
| January 9, 2027 | December 30, 2026 | $0.09 | Projected |
| February 9, 2027 | January 30, 2027 | $0.09 | Projected |
| March 9, 2027 | February 27, 2027 | $0.09 | Projected |
| April 9, 2027 | March 30, 2027 | $0.09 | Projected |
To collect a BRW dividend you must own the shares before the ex-dividend date. Buy on the ex-date itself and the previous owner keeps that payment. Read how ex-dividend, record, and payment dates fit together.
How BRW's dividend compares
Across the 1000 dividend stocks and ETFs DivTrkr tracks, the median yield is 3.57%. BRW's 17.32% is 13.75 percentage points above that median, ranking 135th of 1000 by yield.
Within Financial Services, where we track 157 names, the median yield is 9.52% — putting BRW above its sector. A yield well above the sector norm is worth a second look: it can signal a depressed share price rather than a generous payout.
What the numbers mean
BRW pays out roughly 132% of its earnings as dividends. That is a high payout ratio. The dividend is consuming most of reported earnings, which is normal for REITs and some funds but a caution flag elsewhere.
BRW pays monthly, which suits investors who want dividend income to line up with monthly living expenses rather than arriving in quarterly lumps.
Whether these payments are taxed at the lower qualified rate or as ordinary income depends on how long you hold the shares and what kind of company pays them. See the qualified vs. ordinary dividend rules.
BRW dividend FAQ
When is the next BRW ex-dividend date?
The next BRW ex-dividend date is November 9, 2026, with the payment scheduled for October 30, 2026. You must own shares before the ex-dividend date to receive that payment.
What is BRW's dividend yield?
BRW currently yields 17.32%, based on $1.02 in dividends per share over the past year.
How often does BRW pay dividends?
BRW pays monthly, which works out to 12 payments per year of about $0.09 per share.
How much dividend income would $10,000 of BRW generate?
At the current 17.32% yield, $10,000 invested in BRW would produce roughly $1,732.00 per year, or about $144.33 per month, before taxes and assuming the dividend holds.
Is BRW a Dividend Aristocrat?
No. BRW is not currently on the Dividend Aristocrat or Dividend King list, which require 25 and 50 consecutive years of dividend increases respectively.
BRW dividend history
DivTrkr holds 416 recorded BRW dividend payments going back to 1992. See the full BRW dividend history — every payment, annual totals and growth by year.
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Track BRW dividends free with DivTrkr — see exactly what your own position pays, and when. Also browse the full dividend calendar or the A–Z list of dividend stocks.