High Income Securities Fund (PCF) to Issue Dividend of $0.06 on January 31st

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 given 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 of this dividend is Tuesday, January 21st.

High Income Securities Fund Stock Performance

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

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 acquired at an average price of $6.66 per share, for a total transaction of $66,600.00. Following the acquisition, the director now directly owns 14,325 shares of the company’s stock, valued at $95,404.50. This represents a 231.21 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 13,624 shares of company stock worth $89,836 in the last three months. 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.