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

High Income Securities Fund (NYSE:PCF) announced a monthly dividend on Tuesday, January 7th,NASDAQ Dividends reports. Investors of record on Tuesday, January 21st will be given a dividend of 0.0593 per share by the financial services provider on Friday, January 31st. This represents a $0.71 dividend on an annualized basis and a yield of 10.93%. The ex-dividend date is Tuesday, January 21st.

High Income Securities Fund Stock Down 0.6 %

PCF traded down $0.04 during midday trading on Wednesday, reaching $6.51. The company had a trading volume of 107,208 shares, compared to its average volume of 129,241. High Income Securities Fund has a 12-month low of $6.19 and a 12-month high of $7.00. The business has a 50-day moving average price of $6.67 and a two-hundred day moving average price of $6.68.

Insider Activity

In other High Income Securities Fund news, Director Gerald Hellerman purchased 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, with a total value of $66,600.00. Following the acquisition, the director now directly owns 14,325 shares in the company, valued at approximately $95,404.50. The trade was a 231.21 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company 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.