High Income Securities Fund (NYSE:PCF) Announces $0.06 Monthly Dividend

High Income Securities Fund (NYSE:PCF) announced a monthly dividend on Thursday, January 9th,Wall Street Journal reports. Stockholders of record on Tuesday, March 18th will be paid a dividend of 0.0593 per share by the financial services provider on Monday, March 31st. This represents a $0.71 annualized dividend and a dividend yield of 10.93%. The ex-dividend date is Tuesday, March 18th.

High Income Securities Fund Trading Down 0.6 %

PCF opened at $6.51 on Thursday. The stock has a 50-day moving average of $6.66 and a 200 day moving average of $6.68. High Income Securities Fund has a 12 month low of $6.19 and a 12 month high of $7.00.

Insider Transactions at High Income Securities Fund

In related news, Director Gerald Hellerman purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average price of $6.66 per share, for a total transaction of $66,600.00. Following the acquisition, the director now owns 14,325 shares of the company’s stock, valued at approximately $95,404.50. This represents a 231.21 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.60% of the company’s stock.

High Income Securities Fund Company Profile

High Income Securities Fund is a closed-ended balanced income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.