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 Thursday, January 9th,Wall Street Journal reports. Shareholders 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 yield of 10.88%. The ex-dividend date of this dividend is Tuesday, March 18th.

High Income Securities Fund Stock Performance

Shares of PCF opened at $6.54 on Friday. High Income Securities Fund has a one year low of $6.19 and a one year high of $7.00. The stock has a 50-day moving average of $6.66 and a 200-day moving average of $6.68.

Insiders Place Their Bets

In other High Income Securities Fund news, Director Gerald Hellerman acquired 10,000 shares of the stock in a transaction 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 completion of the acquisition, the director now owns 14,325 shares in the company, valued at approximately $95,404.50. This represents a 231.21 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have bought 13,624 shares of company stock worth $89,836. Corporate 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.