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

High Income Securities Fund (NYSE:PCF) announced a monthly dividend on Tuesday, June 18th, Wall Street Journal reports. Stockholders of record on Wednesday, August 21st will be given a dividend of 0.0622 per share by the financial services provider on Friday, August 30th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 11.18%. The ex-dividend date is Wednesday, August 21st.

High Income Securities Fund Trading Down 0.2 %

Shares of NYSE PCF traded down $0.02 during mid-day trading on Tuesday, hitting $6.68. 231,600 shares of the stock traded hands, compared to its average volume of 120,210. The firm has a 50 day simple moving average of $6.66 and a two-hundred day simple moving average of $6.62. High Income Securities Fund has a twelve month low of $5.71 and a twelve month high of $7.00.

Insider Activity at High Income Securities Fund

In other news, Director Phillip Goldstein sold 90,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $6.93, for a total transaction of $623,700.00. Following the completion of the transaction, the director now directly owns 9,773 shares in the company, valued at $67,726.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.38% of the stock is owned by company insiders.

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.