High Income Securities Fund (NYSE:PCF – Get Free Report) announced a monthly dividend on Friday, January 2nd. Investors of record on Tuesday, March 17th will be paid a dividend of 0.058 per share by the financial services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date of this dividend is Tuesday, March 17th.
High Income Securities Fund Stock Performance
High Income Securities Fund stock opened at $5.62 on Friday. High Income Securities Fund has a 1 year low of $5.55 and a 1 year high of $6.72. The firm’s 50 day moving average price is $6.04 and its two-hundred day moving average price is $6.19.
About High Income Securities Fund
High Income Securities Fund (NYSE: PCF) is a closed-end management investment company dedicated to delivering a high level of total return, with an emphasis on current income. The fund invests primarily in a diversified portfolio of below-investment-grade debt securities, including corporate high-yield bonds, bank loans and other fixed-income instruments. While the majority of its holdings are denominated in U.S. dollars, the fund may also invest in non-U.S. issuers and currency exposures as part of its global credit strategy.
To pursue its objectives, PCF may employ leverage in the form of borrowings and preferred stock issuance, enhancing its capacity to generate income but also introducing additional risk.
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