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

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 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 10.93%. The ex-dividend date is Tuesday, January 21st.

High Income Securities Fund Trading Down 0.6 %

PCF traded down $0.04 during trading on Wednesday, hitting $6.51. 107,208 shares of the stock traded hands, compared to its average volume of 129,241. High Income Securities Fund has a 12-month low of $6.19 and a 12-month high of $7.00. The firm has a 50-day moving average of $6.67 and a 200 day moving average of $6.68.

Insider Transactions at High Income Securities Fund

In related news, Director Gerald Hellerman purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of $6.66 per share, for a total transaction of $66,600.00. Following the completion of the acquisition, the director now directly owns 14,325 shares in the company, valued at approximately $95,404.50. The trade was 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. 1.60% of the stock is currently owned by company 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.