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

High Income Securities Fund (NYSE:PCF) declared a dividend on Monday, January 20th,investing.com reports. Shareholders of record on Wednesday, January 22nd will be paid a dividend of 0.0593 per share by the financial services provider on Friday, January 31st. This represents a yield of 10.68%. The ex-dividend date of this dividend is Tuesday, January 21st.

High Income Securities Fund Stock Performance

Shares of PCF stock traded up $0.02 during trading hours on Monday, hitting $6.64. 83,104 shares of the company were exchanged, compared to its average volume of 127,688. High Income Securities Fund has a one year low of $6.19 and a one year high of $7.00. The business’s 50-day simple moving average is $6.64 and its two-hundred day simple moving average is $6.67.

Insiders Place Their Bets

In related news, Director Gerald Hellerman bought 10,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of $6.66 per share, with a total value of $66,600.00. Following the completion of the transaction, the director now directly owns 14,325 shares of the company’s stock, valued at approximately $95,404.50. This represents a 231.21 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have bought a total of 13,624 shares of company stock valued at $89,836 in the last quarter. 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.