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

High Income Securities Fund (NYSE:PCF) declared a monthly dividend on Tuesday, April 8th, Wall Street Journal reports. Shareholders of record on Tuesday, June 17th will be paid a dividend of 0.0593 per share by the financial services provider on Monday, June 30th. This represents a $0.71 dividend on an annualized basis and a yield of 12.00%. The ex-dividend date of this dividend is Tuesday, June 17th.

High Income Securities Fund Trading Down 4.7 %

Shares of PCF opened at $5.93 on Tuesday. High Income Securities Fund has a 12-month low of $5.73 and a 12-month high of $7.00. The stock has a 50-day moving average price of $6.68 and a 200-day moving average price of $6.69.

Insider Buying and Selling at High Income Securities Fund

In related news, Director Phillip Goldstein sold 19,296 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $6.84, for a total value of $131,984.64. Following the transaction, the director now owns 7,131 shares of the company’s stock, valued at $48,776.04. This represents a 73.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by company 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.