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

High Income Securities Fund (NYSE:PCF) announced 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 annualized dividend and a dividend yield of 10.93%. The ex-dividend date of this dividend is Tuesday, March 18th.

High Income Securities Fund Stock Down 0.6 %

Shares of PCF stock opened at $6.51 on Thursday. High Income Securities Fund has a 1 year low of $6.19 and a 1 year high of $7.00. The firm’s fifty day simple moving average is $6.66 and its 200 day simple moving average is $6.68.

Insider Transactions at High Income Securities Fund

In other 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 acquired at an average cost of $6.66 per share, for a total transaction of $66,600.00. Following the completion of the purchase, the director now owns 14,325 shares of the company’s stock, valued at $95,404.50. This trade represents a 231.21 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

About High Income Securities Fund

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.