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

High Income Securities Fund (NYSE:PCF) announced a dividend on Sunday, January 19th,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 is Tuesday, January 21st.

High Income Securities Fund Trading Up 0.3 %

Shares of NYSE:PCF traded up $0.02 during trading on Friday, reaching $6.64. The stock had a trading volume of 83,104 shares, compared to its average volume of 127,688. The stock has a fifty day simple moving average of $6.64 and a two-hundred day simple moving average of $6.67. High Income Securities Fund has a 52 week low of $6.19 and a 52 week high of $7.00.

Insiders Place Their Bets

In other news, Director Gerald Hellerman purchased 10,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was purchased at an average price of $6.66 per share, with a total value of $66,600.00. Following the acquisition, the director now directly owns 14,325 shares in the company, valued at approximately $95,404.50. The trade was a 231.21 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders 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.