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

High Income Securities Fund (NYSE:PCF) announced a monthly dividend on Tuesday, June 18th, Wall Street Journal reports. Shareholders of record on Wednesday, August 21st will be paid a dividend of 0.0622 per share by the financial services provider on Friday, August 30th. This represents a $0.75 annualized dividend and a dividend yield of 11.17%. The ex-dividend date of this dividend is Wednesday, August 21st.

High Income Securities Fund Price Performance

Shares of NYSE PCF traded down $0.01 during trading on Tuesday, hitting $6.68. 231,610 shares of the company were exchanged, compared to its average volume of 120,210. High Income Securities Fund has a 1 year low of $5.71 and a 1 year high of $7.00. The firm’s fifty day moving average price is $6.66 and its 200 day moving average price is $6.62.

Insider Buying and Selling

In other High Income Securities Fund news, Director Phillip Goldstein sold 90,000 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $6.93, for a total value of $623,700.00. Following the completion of the transaction, the director now owns 9,773 shares in the company, valued at approximately $67,726.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 15.38% 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.