High Income Securities Fund (PCF) to Issue Monthly Dividend of $0.06 on January 31st

High Income Securities Fund (NYSE:PCF) announced a monthly dividend on Tuesday, January 7th,NASDAQ Dividends reports. Investors of record on Tuesday, January 21st will be paid a dividend of 0.0593 per share by the financial services provider on Friday, January 31st. This represents a $0.71 annualized dividend and a dividend yield of 10.72%. The ex-dividend date is Tuesday, January 21st.

High Income Securities Fund Trading Up 0.3 %

Shares of NYSE PCF opened at $6.64 on Friday. High Income Securities Fund has a 52 week low of $6.19 and a 52 week high of $7.00. The firm has a 50-day moving average price of $6.64 and a 200 day moving average price of $6.67.

Insider Activity at High Income Securities Fund

In other High Income Securities Fund news, Director Gerald Hellerman bought 10,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was bought at an average price of $6.66 per share, for a total transaction of $66,600.00. Following the completion of the transaction, the director now owns 14,325 shares in the company, valued at approximately $95,404.50. The trade was a 231.21 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased 13,624 shares of company stock worth $89,836 over the last 90 days. Company insiders own 1.60% of the company’s stock.

About High Income Securities Fund

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.