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

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 given 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 10.64%. The ex-dividend date of this dividend is Tuesday, March 18th.

High Income Securities Fund Price Performance

PCF opened at $6.69 on Friday. The company’s 50 day simple moving average is $6.69 and its two-hundred day simple moving average is $6.70. High Income Securities Fund has a 1-year low of $6.19 and a 1-year high of $7.00.

Insider Activity at High Income Securities Fund

In related news, Director Gerald Hellerman purchased 10,000 shares of High Income Securities Fund stock in a transaction that occurred on Monday, December 16th. The stock was 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 in the company, valued at approximately $95,404.50. The trade was a 231.21 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Phillip Goldstein sold 19,296 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $6.84, for a total transaction of $131,984.64. Following the completion of the sale, the director now directly owns 7,131 shares of the company’s stock, valued at approximately $48,776.04. This trade represents a 73.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders purchased 13,624 shares of company stock worth $89,836 and sold 19,669 shares worth $134,425. 1.60% of the stock is owned by insiders.

High Income Securities Fund Company Profile

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.