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

High Income Securities Fund (NYSE:PCF) declared a dividend on Wednesday, April 16th, investing.com reports. Stockholders of record on Wednesday, April 23rd will be given a dividend of 0.0593 per share by the financial services provider on Wednesday, April 30th. This represents a dividend yield of 11.68%. The ex-dividend date is Tuesday, April 22nd.

High Income Securities Fund Stock Performance

NYSE PCF traded down $0.02 during trading hours on Wednesday, hitting $6.09. 1,630 shares of the company traded hands, compared to its average volume of 129,350. The business’s 50-day moving average is $6.59 and its 200-day moving average is $6.65. High Income Securities Fund has a twelve month low of $5.73 and a twelve month high of $7.00.

Insider Activity

In other news, Director Phillip Goldstein sold 19,296 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $6.84, for a total value of $131,984.64. Following the sale, the director now directly owns 7,131 shares of the company’s stock, valued at approximately $48,776.04. This represents a 73.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Moritz A. Sell purchased 4,487 shares of High Income Securities Fund stock in a transaction that occurred on Monday, April 7th. The shares were acquired at an average price of $5.97 per share, with a total value of $26,787.39. Following the acquisition, the director now directly owns 11,033 shares of the company’s stock, valued at $65,867.01. This trade represents a 68.55 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 6,376 shares of company stock valued at $38,412. 1.60% of the stock is 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.