
Saba Capital Income & Opportunities Fund
BRWFinancial Services · Asset Management · Stock · monthly payer
Forward Yield
17.50%
Annual Dividend
$1.02
Payout Ratio
132%
5-Yr Growth
21.6%
Ex-Date
Oct 9, 2026
Frequency
Monthly
Key facts about BRW's dividend
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Saba Capital Income & Opportunities Fund (BRW) has a forward dividend yield of 17.50%, based on an annual dividend of $1.02 per share and a share price of $5.83.
- As of Oct 27, 2026, BRW's dividend safety grade from SmarterDividends is C (54 out of 100), which rates the dividend as borderline.
- BRW last cut its regular dividend in 2023.
- BRW's most recent ex-dividend date was Oct 9, 2026, for a dividend of $0.0850 per share.
- As of Oct 27, 2026, BRW pays out 132% of its trailing 12-month earnings as dividends (its payout ratio).
- BRW's dividend has grown at an average rate of 21.6% a year over the past five years.
- As of Oct 27, 2026, BRW's 17.50% yield is 48% above its five-year average yield of 11.84%.
- As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for BRW is $20.12 per share, 245% above the $5.83 share price, so BRW screens as undervalued.
- Saba Capital Income & Opportunities Fund (BRW) pays its dividend monthly, 12 times a year.
- Saba Capital Income & Opportunities Fund (BRW) has raised its regular dividend 107 times and cut it 133 times across the 416 payments on record since 1992. Its most recent change was a 0.8% increase to $0.0850 per share, going ex-dividend on Oct 9, 2025. The last cut went ex-dividend on Jul 10, 2023.
Cite this page
SmarterDividends, "BRW Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/BRW
Summary
As of Oct 27, 2026, Saba Capital Income & Opportunities Fund (BRW) yields 17.50% ($1.02 a year per share) and has a dividend safety grade of C (54/100).
Is BRW a good dividend stock?
MixedSaba Capital Income & Opportunities Fund (BRW) pays a monthly dividend yielding 17.50% ($1.02/yr), with 1 year of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 21.6% 5-yr dividend growth
Risks
- Cut its dividend in 2023
- Elevated payout ratio (132%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 17.50%
- Payout Ratio
- 132%
- Annual Dividend
- $1.02
- 5-Yr Avg Growth
- 21.6%
- Ex-Dividend Date
- Oct 9, 2026
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- 0.41
- Market Cap
- $296.7M
- P/E Ratio
- 7.6
- 5-Yr Total Return
- -36%
- 52-Week Range
- $5.82 – $7.46
- Dividend Safety
- C · 54/100
- Ever Cut?
- Yes (2023)
BRW dividend raises and cuts
Saba Capital Income & Opportunities Fund (BRW) has raised its regular dividend 107 times and cut it 133 times across the 416 payments on record since 1992. Its most recent change was a 0.8% increase to $0.0850 per share, going ex-dividend on Oct 9, 2025. The last cut went ex-dividend on Jul 10, 2023.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Oct 9, 2025 | Raise | $0.0843 → $0.0850 | +0.8% |
| Jul 10, 2023 | Cut | $0.0853 → $0.0843 | −1.2% |
| Jun 8, 2023 | Cut | $0.0873 → $0.0853 | −2.3% |
| May 8, 2023 | Raise | $0.0863 → $0.0873 | +1.1% |
| Apr 10, 2023 | Cut | $0.0883 → $0.0863 | −2.2% |
| Feb 8, 2023 | Raise | $0.0863 → $0.0883 | +2.3% |
| Dec 9, 2022 | Raise | $0.0853 → $0.0863 | +1.2% |
| Nov 8, 2022 | Cut | $0.0873 → $0.0853 | −2.3% |
| Oct 7, 2022 | Cut | $0.0903 → $0.0873 | −3.3% |
| Sep 8, 2022 | Raise | $0.0883 → $0.0903 | +2.2% |
| Aug 8, 2022 | Cut | $0.0893 → $0.0883 | −1.1% |
| Jul 8, 2022 | Cut | $0.0913 → $0.0893 | −2.2% |
Show all 240 changes since 1992
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jun 7, 2022 | Raise | $0.0466 → $0.0913 | +95.7% |
| May 23, 2022 | Cut | $0.0933 → $0.0466 | −50.0% |
| Apr 8, 2022 | Cut | $0.0952 → $0.0933 | −2.1% |
| Jan 7, 2022 | Raise | $0.0655 → $0.0952 | +45.5% |
| Jul 9, 2021 | Raise | $0.0139 → $0.0655 | +371.4% |
| May 7, 2021 | Cut | $0.0218 → $0.0139 | −36.4% |
| Mar 9, 2021 | Cut | $0.0238 → $0.0218 | −8.3% |
| Feb 9, 2021 | Cut | $0.0278 → $0.0238 | −14.3% |
| Sep 9, 2020 | Cut | $0.0298 → $0.0278 | −6.7% |
| Jun 9, 2020 | Cut | $0.0337 → $0.0298 | −11.8% |
| May 8, 2020 | Cut | $0.0397 → $0.0337 | −15.0% |
| Apr 9, 2020 | Cut | $0.0437 → $0.0397 | −9.1% |
| Mar 9, 2020 | Cut | $0.0456 → $0.0437 | −4.3% |
| Dec 9, 2019 | Cut | $0.0496 → $0.0456 | −8.0% |
| Oct 9, 2019 | Cut | $0.0516 → $0.0496 | −3.8% |
| Sep 9, 2019 | Cut | $0.0536 → $0.0516 | −3.7% |
| Jul 9, 2019 | Cut | $0.0556 → $0.0536 | −3.6% |
| Jun 7, 2019 | Raise | $0.0536 → $0.0556 | +3.7% |
| May 9, 2019 | Cut | $0.0556 → $0.0536 | −3.6% |
| Apr 9, 2019 | Raise | $0.0516 → $0.0556 | +7.7% |
| Mar 8, 2019 | Cut | $0.0536 → $0.0516 | −3.7% |
| Dec 28, 2018 | Raise | $0.0516 → $0.0536 | +3.8% |
| Dec 7, 2018 | Cut | $0.0536 → $0.0516 | −3.7% |
| Nov 8, 2018 | Raise | $0.0496 → $0.0536 | +8.0% |
| Aug 9, 2018 | Raise | $0.0476 → $0.0496 | +4.2% |
| Apr 9, 2018 | Raise | $0.0417 → $0.0476 | +14.3% |
| Mar 9, 2018 | Cut | $0.0456 → $0.0417 | −8.7% |
| Feb 9, 2018 | Raise | $0.0437 → $0.0456 | +4.5% |
| Nov 9, 2017 | Cut | $0.0456 → $0.0437 | −4.3% |
| Oct 6, 2017 | Cut | $0.0476 → $0.0456 | −4.2% |
| Sep 8, 2017 | Cut | $0.0496 → $0.0476 | −4.0% |
| Jul 6, 2017 | Cut | $0.0516 → $0.0496 | −3.8% |
| May 8, 2017 | Cut | $0.0536 → $0.0516 | −3.7% |
| Apr 6, 2017 | Raise | $0.0516 → $0.0536 | +3.8% |
| Mar 8, 2017 | Cut | $0.0536 → $0.0516 | −3.7% |
| Jun 8, 2016 | Raise | $0.0516 → $0.0536 | +3.8% |
| May 6, 2016 | Cut | $0.0536 → $0.0516 | −3.7% |
| Apr 7, 2016 | Raise | $0.0516 → $0.0536 | +3.8% |
| Mar 8, 2016 | Cut | $0.0536 → $0.0516 | −3.7% |
| Dec 29, 2015 | Raise | $0.0516 → $0.0536 | +3.8% |
| Dec 8, 2015 | Cut | $0.0556 → $0.0516 | −7.1% |
| Jul 8, 2015 | Cut | $0.0575 → $0.0556 | −3.4% |
| Jun 8, 2015 | Raise | $0.0556 → $0.0575 | +3.6% |
| May 7, 2015 | Cut | $0.0575 → $0.0556 | −3.4% |
| Apr 8, 2015 | Raise | $0.0536 → $0.0575 | +7.4% |
| Mar 6, 2015 | Cut | $0.0575 → $0.0536 | −6.9% |
| Nov 6, 2014 | Raise | $0.0556 → $0.0575 | +3.6% |
| Jul 8, 2014 | Cut | $0.0575 → $0.0556 | −3.4% |
| Jun 6, 2014 | Cut | $0.0595 → $0.0575 | −3.3% |
| May 8, 2014 | Raise | $0.0575 → $0.0595 | +3.4% |
| Mar 6, 2014 | Cut | $0.0635 → $0.0575 | −9.4% |
| Oct 8, 2013 | Cut | $0.0655 → $0.0635 | −3.0% |
| Sep 6, 2013 | Cut | $0.0694 → $0.0655 | −5.7% |
| Aug 8, 2013 | Cut | $0.0714 → $0.0694 | −2.8% |
| Jul 8, 2013 | Cut | $0.0734 → $0.0714 | −2.7% |
| May 8, 2013 | Cut | $0.0754 → $0.0734 | −2.6% |
| Dec 27, 2012 | Raise | $0.0734 → $0.0754 | +2.7% |
| Nov 8, 2012 | Raise | $0.0714 → $0.0734 | +2.8% |
| Sep 6, 2012 | Raise | $0.0694 → $0.0714 | +2.9% |
| Jun 7, 2012 | Raise | $0.0655 → $0.0694 | +6.1% |
| Apr 5, 2012 | Raise | $0.0595 → $0.0655 | +10.0% |
| Feb 8, 2012 | Raise | $0.0575 → $0.0595 | +3.4% |
| Dec 28, 2011 | Raise | $0.0556 → $0.0575 | +3.6% |
| Nov 8, 2011 | Raise | $0.0516 → $0.0556 | +7.7% |
| Aug 8, 2011 | Raise | $0.0496 → $0.0516 | +4.0% |
| Jul 7, 2011 | Cut | $0.0516 → $0.0496 | −3.8% |
| Jun 8, 2011 | Raise | $0.0496 → $0.0516 | +4.0% |
| May 6, 2011 | Cut | $0.0516 → $0.0496 | −3.8% |
| Apr 7, 2011 | Raise | $0.0476 → $0.0516 | +8.3% |
| Mar 8, 2011 | Cut | $0.0496 → $0.0476 | −4.0% |
| Feb 8, 2011 | Cut | $0.0516 → $0.0496 | −3.8% |
| Nov 8, 2010 | Cut | $0.0536 → $0.0516 | −3.7% |
| Oct 7, 2010 | Cut | $0.0556 → $0.0536 | −3.6% |
| Jun 8, 2010 | Raise | $0.0516 → $0.0556 | +7.7% |
| Apr 8, 2010 | Raise | $0.0496 → $0.0516 | +4.0% |
| Dec 8, 2009 | Cut | $0.0556 → $0.0496 | −10.7% |
| Nov 6, 2009 | Cut | $0.0635 → $0.0556 | −12.5% |
| Aug 6, 2009 | Raise | $0.0437 → $0.0635 | +45.5% |
| Jul 8, 2009 | Cut | $0.0456 → $0.0437 | −4.3% |
| May 7, 2009 | Cut | $0.0476 → $0.0456 | −4.2% |
| Mar 6, 2009 | Cut | $0.0556 → $0.0476 | −14.3% |
| Feb 6, 2009 | Cut | $0.0675 → $0.0556 | −17.6% |
| Nov 6, 2008 | Raise | $0.0595 → $0.0675 | +13.3% |
| Oct 8, 2008 | Cut | $0.0635 → $0.0595 | −6.2% |
| Jul 8, 2008 | Cut | $0.0675 → $0.0635 | −5.9% |
| May 8, 2008 | Cut | $0.0833 → $0.0675 | −19.0% |
| Apr 8, 2008 | Cut | $0.0873 → $0.0833 | −4.5% |
| Mar 6, 2008 | Cut | $0.0913 → $0.0873 | −4.3% |
| Feb 7, 2008 | Cut | $0.0952 → $0.0913 | −4.2% |
| Dec 27, 2007 | Raise | $0.0933 → $0.0952 | +2.1% |
| Dec 6, 2007 | Cut | $0.0952 → $0.0933 | −2.1% |
| Nov 7, 2007 | Raise | $0.0933 → $0.0952 | +2.1% |
| Oct 5, 2007 | Cut | $0.0952 → $0.0933 | −2.1% |
| Aug 8, 2007 | Raise | $0.0933 → $0.0952 | +2.1% |
| Jul 6, 2007 | Cut | $0.0952 → $0.0933 | −2.1% |
| Jun 7, 2007 | Raise | $0.0933 → $0.0952 | +2.1% |
| May 8, 2007 | Cut | $0.0952 → $0.0933 | −2.1% |
| Apr 5, 2007 | Raise | $0.0893 → $0.0952 | +6.7% |
| Mar 8, 2007 | Cut | $0.0952 → $0.0893 | −6.2% |
| Dec 27, 2006 | Raise | $0.0933 → $0.0952 | +2.1% |
| Dec 7, 2006 | Cut | $0.0952 → $0.0933 | −2.1% |
| Nov 8, 2006 | Raise | $0.0933 → $0.0952 | +2.1% |
| Oct 5, 2006 | Cut | $0.0952 → $0.0933 | −2.1% |
| Aug 8, 2006 | Raise | $0.0913 → $0.0952 | +4.3% |
| Jun 8, 2006 | Raise | $0.0893 → $0.0913 | +2.2% |
| May 8, 2006 | Raise | $0.0873 → $0.0893 | +2.3% |
| Apr 6, 2006 | Raise | $0.0794 → $0.0873 | +10.0% |
| Mar 8, 2006 | Cut | $0.0833 → $0.0794 | −4.8% |
| Feb 8, 2006 | Raise | $0.0794 → $0.0833 | +5.0% |
| Dec 28, 2005 | Raise | $0.0774 → $0.0794 | +2.6% |
| Nov 8, 2005 | Raise | $0.0754 → $0.0774 | +2.6% |
| Oct 5, 2005 | Cut | $0.0774 → $0.0754 | −2.6% |
| Aug 8, 2005 | Raise | $0.0754 → $0.0774 | +2.6% |
| Jun 8, 2005 | Raise | $0.0734 → $0.0754 | +2.7% |
| Apr 7, 2005 | Raise | $0.0675 → $0.0734 | +8.8% |
| Mar 8, 2005 | Cut | $0.0714 → $0.0675 | −5.6% |
| Dec 8, 2004 | Cut | $0.0734 → $0.0714 | −2.7% |
| Nov 8, 2004 | Raise | $0.0694 → $0.0734 | +5.7% |
| Oct 6, 2004 | Cut | $0.0714 → $0.0694 | −2.8% |
| Aug 6, 2004 | Raise | $0.0694 → $0.0714 | +2.9% |
| Jun 8, 2004 | Raise | $0.0675 → $0.0694 | +2.9% |
| May 6, 2004 | Cut | $0.0694 → $0.0675 | −2.9% |
| Apr 7, 2004 | Raise | $0.0675 → $0.0694 | +2.9% |
| Mar 8, 2004 | Cut | $0.0714 → $0.0675 | −5.6% |
| Dec 29, 2003 | Raise | $0.0694 → $0.0714 | +2.9% |
| Nov 6, 2003 | Raise | $0.0675 → $0.0694 | +2.9% |
| Oct 8, 2003 | Cut | $0.0694 → $0.0675 | −2.9% |
| Sep 8, 2003 | Cut | $0.0714 → $0.0694 | −2.8% |
| Aug 7, 2003 | Raise | $0.0675 → $0.0714 | +5.9% |
| Jul 8, 2003 | Cut | $0.0714 → $0.0675 | −5.6% |
| Jun 6, 2003 | Raise | $0.0694 → $0.0714 | +2.9% |
| May 8, 2003 | Cut | $0.0714 → $0.0694 | −2.8% |
| Apr 8, 2003 | Raise | $0.0655 → $0.0714 | +9.1% |
| Mar 6, 2003 | Cut | $0.0734 → $0.0655 | −10.8% |
| Feb 6, 2003 | Cut | $0.0774 → $0.0734 | −5.1% |
| Sep 6, 2002 | Cut | $0.0813 → $0.0774 | −4.9% |
| Aug 8, 2002 | Raise | $0.0694 → $0.0813 | +17.1% |
| Jul 8, 2002 | Cut | $0.0734 → $0.0694 | −5.4% |
| May 8, 2002 | Cut | $0.0774 → $0.0734 | −5.1% |
| Mar 7, 2002 | Cut | $0.0813 → $0.0774 | −4.9% |
| Feb 7, 2002 | Cut | $0.0833 → $0.0813 | −2.4% |
| Dec 27, 2001 | Cut | $0.0853 → $0.0833 | −2.3% |
| Dec 6, 2001 | Cut | $0.0933 → $0.0853 | −8.5% |
| Oct 5, 2001 | Cut | $0.103 → $0.0933 | −9.6% |
| Sep 6, 2001 | Cut | $0.107 → $0.103 | −3.7% |
| Jul 6, 2001 | Cut | $0.115 → $0.107 | −6.9% |
| Jun 7, 2001 | Cut | $0.119 → $0.115 | −3.3% |
| May 8, 2001 | Cut | $0.129 → $0.119 | −7.7% |
| Apr 6, 2001 | Raise | $0.123 → $0.129 | +4.8% |
| Mar 8, 2001 | Cut | $0.139 → $0.123 | −11.4% |
| Feb 8, 2001 | Cut | $0.145 → $0.139 | −4.1% |
| Dec 27, 2000 | Raise | $0.139 → $0.145 | +4.3% |
| Dec 7, 2000 | Cut | $0.141 → $0.139 | −1.4% |
| Nov 8, 2000 | Raise | $0.139 → $0.141 | +1.4% |
| Oct 5, 2000 | Cut | $0.145 → $0.139 | −4.1% |
| Aug 8, 2000 | Raise | $0.143 → $0.145 | +1.4% |
| Jul 6, 2000 | Cut | $0.149 → $0.143 | −4.0% |
| May 8, 2000 | Raise | $0.145 → $0.149 | +2.7% |
| Apr 6, 2000 | Raise | $0.133 → $0.145 | +9.0% |
| Mar 8, 2000 | Cut | $0.137 → $0.133 | −2.9% |
| Feb 8, 2000 | Raise | $0.133 → $0.137 | +3.0% |
| Dec 28, 1999 | Raise | $0.125 → $0.133 | +6.3% |
| Dec 8, 1999 | Cut | $0.135 → $0.125 | −7.4% |
| Nov 8, 1999 | Raise | $0.129 → $0.135 | +4.6% |
| Oct 6, 1999 | Cut | $0.133 → $0.129 | −3.0% |
| Aug 6, 1999 | Raise | $0.129 → $0.133 | +3.1% |
| Jul 8, 1999 | Cut | $0.131 → $0.129 | −1.5% |
| Jun 8, 1999 | Raise | $0.125 → $0.131 | +4.8% |
| May 6, 1999 | Cut | $0.131 → $0.125 | −4.5% |
| Apr 8, 1999 | Raise | $0.117 → $0.131 | +11.9% |
| Mar 8, 1999 | Cut | $0.133 → $0.117 | −11.9% |
| Feb 8, 1999 | Cut | $0.135 → $0.133 | −1.5% |
| Dec 29, 1998 | Raise | $0.133 → $0.135 | +1.5% |
| Nov 6, 1998 | Cut | $0.137 → $0.133 | −2.9% |
| Sep 8, 1998 | Cut | $0.139 → $0.137 | −1.4% |
| Aug 6, 1998 | Raise | $0.135 → $0.139 | +2.9% |
| Jul 8, 1998 | Cut | $0.141 → $0.135 | −4.2% |
| Jun 8, 1998 | Raise | $0.135 → $0.141 | +4.4% |
| May 7, 1998 | Cut | $0.139 → $0.135 | −2.9% |
| Apr 8, 1998 | Raise | $0.137 → $0.139 | +1.4% |
| Feb 6, 1998 | Raise | $0.135 → $0.137 | +1.5% |
| Dec 4, 1997 | Cut | $0.137 → $0.135 | −1.4% |
| Nov 6, 1997 | Raise | $0.135 → $0.137 | +1.5% |
| Oct 8, 1997 | Cut | $0.137 → $0.135 | −1.4% |
| Sep 4, 1997 | Cut | $0.139 → $0.137 | −1.4% |
| Aug 7, 1997 | Raise | $0.137 → $0.139 | +1.4% |
| Jun 5, 1997 | Raise | $0.135 → $0.137 | +1.5% |
| May 8, 1997 | Cut | $0.137 → $0.135 | −1.4% |
| Apr 8, 1997 | Raise | $0.125 → $0.137 | +9.5% |
| Mar 6, 1997 | Cut | $0.139 → $0.125 | −10.0% |
| Nov 7, 1996 | Raise | $0.135 → $0.139 | +2.9% |
| Oct 8, 1996 | Cut | $0.139 → $0.135 | −2.9% |
| Sep 6, 1996 | Raise | $0.137 → $0.139 | +1.4% |
| Aug 8, 1996 | Raise | $0.131 → $0.137 | +4.5% |
| Jul 3, 1996 | Cut | $0.137 → $0.131 | −4.3% |
| Jun 6, 1996 | Raise | $0.129 → $0.137 | +6.2% |
| May 8, 1996 | Cut | $0.135 → $0.129 | −4.4% |
| Apr 3, 1996 | Raise | $0.127 → $0.135 | +6.3% |
| Mar 7, 1996 | Cut | $0.141 → $0.127 | −9.9% |
| Dec 27, 1995 | Cut | $0.143 → $0.141 | −1.4% |
| Nov 8, 1995 | Raise | $0.141 → $0.143 | +1.4% |
| Oct 4, 1995 | Cut | $0.145 → $0.141 | −2.7% |
| Aug 9, 1995 | Raise | $0.143 → $0.145 | +1.4% |
| Jul 6, 1995 | Cut | $0.147 → $0.143 | −2.7% |
| Jun 8, 1995 | Raise | $0.143 → $0.147 | +2.8% |
| May 2, 1995 | Cut | $0.147 → $0.143 | −2.7% |
| Apr 4, 1995 | Raise | $0.127 → $0.147 | +15.6% |
| Mar 6, 1995 | Cut | $0.139 → $0.127 | −8.6% |
| Feb 6, 1995 | Cut | $0.143 → $0.139 | −2.8% |
| Dec 23, 1994 | Raise | $0.127 → $0.143 | +12.5% |
| Nov 4, 1994 | Raise | $0.123 → $0.127 | +3.2% |
| Sep 6, 1994 | Raise | $0.121 → $0.123 | +1.6% |
| Aug 4, 1994 | Raise | $0.117 → $0.121 | +3.4% |
| Jun 6, 1994 | Raise | $0.107 → $0.117 | +9.3% |
| Apr 5, 1994 | Raise | $0.0952 → $0.107 | +12.5% |
| Mar 4, 1994 | Cut | $0.0992 → $0.0952 | −4.0% |
| Nov 2, 1993 | Raise | $0.0972 → $0.0992 | +2.0% |
| Oct 4, 1993 | Cut | $0.0992 → $0.0972 | −2.0% |
| Sep 3, 1993 | Raise | $0.0972 → $0.0992 | +2.0% |
| Aug 3, 1993 | Cut | $0.0992 → $0.0972 | −2.0% |
| Jun 2, 1993 | Raise | $0.0972 → $0.0992 | +2.0% |
| May 4, 1993 | Cut | $0.0992 → $0.0972 | −2.0% |
| Apr 5, 1993 | Raise | $0.0893 → $0.0992 | +11.1% |
| Mar 2, 1993 | Cut | $0.0972 → $0.0893 | −8.2% |
| Dec 4, 1992 | Cut | $0.115 → $0.0972 | −15.5% |
| Nov 3, 1992 | Raise | $0.101 → $0.115 | +13.7% |
| Oct 5, 1992 | Raise | $0.0992 → $0.101 | +2.0% |
| Aug 4, 1992 | Cut | $0.101 → $0.0992 | −2.0% |
Frequently Asked Questions
Is BRW a good dividend stock?
Mixed. Saba Capital Income & Opportunities Fund (BRW) pays a monthly dividend yielding 17.50% ($1.02/yr), with 1 year of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Is BRW undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BRW's fair value is about $20.12 versus a $5.83 share price — so it looks undervalued (+245% vs. fair value).
Is BRW's dividend safe?
BRW has a dividend-safety grade of C (54/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a dividend cut in 2023, debt and yield-versus-history.
What is BRW's fair value?
Our blended fair-value estimate for BRW is about $20.12 per share, roughly 245% above the current $5.83 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is BRW a buy, hold, or sell?
We don't issue formal ratings, but on the data BRW screens as "mixed" and undervalued. Saba Capital Income & Opportunities Fund (BRW) pays a monthly dividend yielding 17.50% ($1.02/yr), with 1 year of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.
Will BRW cut its dividend?
BRW earns a dividend-safety grade of C (54/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does BRW pay a dividend?
Yes. Saba Capital Income & Opportunities Fund pays a monthly dividend of about $1.02 per share annually, a forward yield of roughly 17.50%.
What is BRW's dividend yield?
As of Oct 27, 2026, BRW's forward dividend yield is 17.50%, based on a $1.02 annual dividend and a $5.83 share price.
What is BRW's dividend per share?
As of Oct 27, 2026, BRW pays $1.02 per share per year, distributed on a monthly basis.
What is BRW's dividend payout ratio?
As of Oct 27, 2026, BRW's payout ratio is 132% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has BRW grown its dividend?
As of Oct 27, 2026, BRW has increased its dividend for 1 consecutive years.
When is the next BRW ex-dividend date?
As of Oct 27, 2026, BRW's next ex-dividend date hasn't been announced. The most recent was Oct 9, 2026, for $0.0850 per share.
BRW Price — Last 12 Months
Daily close
Price Return
1 Year
-19%
3 Years
-25%
5 Years
-36%
52-Week Range
$5.82 – $7.46
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BRW worth?
Undervaluedlow confidenceOur blended fair-value estimate for Saba Capital Income & Opportunities Fund is $20.12 per share, versus a market price of $5.83. That implies 245% of upside — a margin of safety of about 71%.
Fair Value
$20.12
Current Price
$5.83
Upside
+245%
Margin of Safety
71%
How we get there
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 8.0% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $0.77 EPS, $1.02 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BRW Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full BRW dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Oct 9, 2026 | Oct 30, 2026 | $0.0850 | regular |
| Sep 9, 2026 | Sep 30, 2026 | $0.0850 | regular |
| Aug 11, 2026 | Aug 31, 2026 | $0.0850 | regular |
| Jul 9, 2026 | Jul 31, 2026 | $0.0850 | regular |
| Jun 9, 2026 | Jun 30, 2026 | $0.0850 | regular |
| May 11, 2026 | May 29, 2026 | $0.0850 | regular |
| Apr 13, 2026 | Apr 30, 2026 | $0.0850 | regular |
| Mar 10, 2026 | Mar 31, 2026 | $0.0850 | regular |
| Feb 10, 2026 | Feb 27, 2026 | $0.0850 | regular |
| Jan 12, 2026 | Jan 30, 2026 | $0.0850 | regular |
| Dec 9, 2025 | Dec 31, 2025 | $0.0850 | regular |
| Nov 10, 2025 | Nov 28, 2025 | $0.0850 | regular |
| Oct 9, 2025 | Oct 31, 2025 | $0.0850 | regular |
| Sep 10, 2025 | Sep 30, 2025 | $0.0843 | regular |
Income Calculator
At $1.02 / yr per share
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