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

High Income Securities Fund (NYSE:PCF) declared a monthly dividend on Tuesday, January 7th,NASDAQ Dividends reports. Investors of record on Tuesday, January 21st will be given a dividend of 0.0593 per share by the financial services provider on Friday, January 31st. This represents a $0.71 dividend on an annualized basis and a dividend yield of 10.93%. The ex-dividend date of this dividend is Tuesday, January 21st.

High Income Securities Fund Stock Performance

NYSE:PCF traded down $0.04 on Wednesday, reaching $6.51. 107,208 shares of the stock traded hands, compared to its average volume of 129,241. High Income Securities Fund has a 1-year low of $6.19 and a 1-year high of $7.00. The company’s 50 day moving average is $6.67 and its 200-day moving average is $6.68.

Insider Transactions at High Income Securities Fund

In other High Income Securities Fund news, Director Gerald Hellerman purchased 10,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of $6.66 per share, with a total value of $66,600.00. Following the completion of the purchase, the director now owns 14,325 shares in the company, valued at $95,404.50. This represents a 231.21 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by corporate insiders.

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.