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

High Income Securities Fund (NYSE:PCF) declared a monthly dividend on Tuesday, June 18th, Wall Street Journal reports. Stockholders of record on Wednesday, August 21st will be paid a dividend of 0.0622 per share by the financial services provider on Friday, August 30th. This represents a $0.75 annualized dividend and a dividend yield of 11.14%. The ex-dividend date of this dividend is Wednesday, August 21st.

High Income Securities Fund Stock Up 0.4 %

Shares of PCF opened at $6.70 on Tuesday. High Income Securities Fund has a 1-year low of $5.71 and a 1-year high of $7.00. The firm’s 50 day simple moving average is $6.66 and its 200 day simple moving average is $6.62.

Insider Activity

In related news, Director Phillip Goldstein sold 90,000 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $6.93, for a total value of $623,700.00. Following the completion of the transaction, the director now directly owns 9,773 shares in the company, valued at $67,726.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 15.38% of the company’s stock.

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.