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

High Income Securities Fund (NYSE:PCF) announced a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Stockholders of record on Tuesday, March 18th will be paid a dividend of 0.0593 per share by the financial services provider on Monday, March 31st. This represents a $0.71 dividend on an annualized basis and a dividend yield of 10.93%. The ex-dividend date of this dividend is Tuesday, March 18th.

High Income Securities Fund Stock Down 0.6 %

PCF stock traded down $0.04 during trading on Wednesday, hitting $6.51. 104,344 shares of the company’s stock traded hands, compared to its average volume of 126,779. High Income Securities Fund has a 52 week low of $6.19 and a 52 week high of $7.00. The stock has a fifty day moving average price of $6.67 and a two-hundred day moving average price of $6.68.

Insider Buying and Selling at High Income Securities Fund

In other High Income Securities Fund news, Director Gerald Hellerman purchased 10,000 shares of High Income Securities Fund stock in a transaction on Monday, December 16th. The stock was bought at an average price of $6.66 per share, for a total transaction of $66,600.00. Following the transaction, the director now owns 14,325 shares of the company’s stock, valued at $95,404.50. The trade was a 231.21 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by 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.