High Income Securities Fund (NYSE:PCF) to Issue Monthly Dividend of $0.08

High Income Securities Fund (NYSE:PCF) announced a monthly dividend on Tuesday, April 6th, Wall Street Journal reports. Shareholders of record on Wednesday, May 19th will be paid a dividend of 0.078 per share by the financial services provider on Friday, May 28th. This represents a $0.94 annualized dividend and a yield of 10.53%. The ex-dividend date of this dividend is Tuesday, May 18th.

Shares of PCF stock opened at $8.89 on Thursday. High Income Securities Fund has a 52 week low of $6.65 and a 52 week high of $9.10. The firm’s 50-day simple moving average is $8.56 and its two-hundred day simple moving average is $8.40.

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.

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