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

High Income Securities Fund (NYSE:PCF) announced a monthly dividend on Tuesday, January 7th,NASDAQ Dividends reports. Stockholders of record on Tuesday, January 21st will be paid a dividend of 0.0593 per share by the financial services provider on Friday, January 31st. This represents a $0.71 dividend on an annualized basis and a dividend yield of 10.72%. The ex-dividend date of this dividend is Tuesday, January 21st.

High Income Securities Fund Trading Up 0.3 %

Shares of NYSE PCF opened at $6.64 on Friday. High Income Securities Fund has a 12 month low of $6.19 and a 12 month high of $7.00. The company has a 50-day simple moving average of $6.64 and a 200-day simple moving average of $6.67.

Insider Transactions at High Income Securities Fund

In related news, Director Gerald Hellerman bought 10,000 shares of the 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 owns 14,325 shares in the company, valued at $95,404.50. This trade represents a 231.21 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought a total of 13,624 shares of company stock worth $89,836 over the last ninety days. 1.60% of the stock is currently owned by corporate 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.