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

High Income Securities Fund (NYSE:PCF) declared a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Stockholders of record on Tuesday, March 18th will be given a dividend of 0.0593 per share by the financial services provider on Monday, March 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, March 18th.

High Income Securities Fund Price Performance

High Income Securities Fund stock opened at $6.51 on Thursday. High Income Securities Fund has a one year low of $6.19 and a one year high of $7.00. The company’s fifty day moving average price is $6.66 and its two-hundred day moving average price is $6.68.

Insider Activity

In other news, Director Gerald Hellerman bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average price of $6.66 per share, for a total transaction of $66,600.00. Following the acquisition, the director now directly owns 14,325 shares of the company’s stock, valued at $95,404.50. The trade was a 231.21 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by 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.