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

High Income Securities Fund (NYSE:PCF) announced a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Shareholders of record on Tuesday, March 18th will be paid 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 yield of 10.93%. The ex-dividend date is Tuesday, March 18th.

High Income Securities Fund Price Performance

NYSE:PCF opened at $6.51 on Friday. The company’s 50 day moving average is $6.66 and its 200-day moving average is $6.68. High Income Securities Fund has a 12 month low of $6.19 and a 12 month high of $7.00.

Insiders Place Their Bets

In related news, Director Gerald Hellerman bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of $6.66 per share, for a total transaction of $66,600.00. Following the purchase, the director now directly owns 14,325 shares in the company, valued at $95,404.50. This trade represents a 231.21 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

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.