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

High Income Securities Fund (NYSE:PCF) declared a dividend on Saturday, May 17th, investing.com reports. Shareholders of record on Wednesday, May 21st will be given a dividend of 0.0593 per share by the financial services provider on Friday, May 30th. This represents a dividend yield of 11.19%. The ex-dividend date is Tuesday, May 20th.

High Income Securities Fund Trading Up 0.4%

NYSE:PCF opened at $6.38 on Friday. High Income Securities Fund has a one year low of $5.73 and a one year high of $7.00. The firm’s fifty day moving average price is $6.33 and its two-hundred day moving average price is $6.56.

Insider Buying and Selling at High Income Securities Fund

In related 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 transaction, the director now directly owns 7,131 shares in the company, valued at approximately $48,776.04. This represents a 73.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Moritz A. Sell purchased 4,487 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average price of $5.97 per share, for a total transaction of $26,787.39. Following the completion of the purchase, the director now directly owns 11,033 shares of the company’s stock, valued at $65,867.01. This represents a 68.55% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 6,376 shares of company stock worth $38,412 over the last ninety days. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On High Income Securities Fund

An institutional investor recently bought a new position in High Income Securities Fund stock. Baird Financial Group Inc. purchased a new stake in High Income Securities Fund (NYSE:PCF) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,585 shares of the financial services provider’s stock, valued at approximately $183,000. Baird Financial Group Inc. owned approximately 0.15% of High Income Securities Fund as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 16.64% 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.