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

High Income Securities Fund (NYSE:PCF) announced a monthly dividend on Thursday, January 9th,Wall Street Journal reports. Stockholders of record on Tuesday, March 18th will be paid a dividend of 0.0593 per share by the financial services provider on Monday, March 31st. This represents a $0.71 annualized dividend and a dividend yield of 10.93%. The ex-dividend date of this dividend is Tuesday, March 18th.

High Income Securities Fund Price Performance

Shares of PCF opened at $6.51 on Thursday. High Income Securities Fund has a 12-month low of $6.19 and a 12-month high of $7.00. The firm has a fifty day moving average price of $6.66 and a 200-day moving average price of $6.68.

Insider Activity at High Income Securities Fund

In other news, Director Gerald Hellerman acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of $6.66 per share, for a total transaction of $66,600.00. Following the completion of the acquisition, the director now directly owns 14,325 shares of the company’s stock, valued at $95,404.50. The trade was a 231.21 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by company 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.