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

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

High Income Securities Fund Trading Down 0.6 %

Shares of PCF stock opened at $6.51 on Friday. High Income Securities Fund has a 12 month low of $6.19 and a 12 month high of $7.00. The stock has a 50 day moving average of $6.66 and a 200-day moving average of $6.68.

Insider Buying and Selling

In other High Income Securities Fund news, Director Gerald Hellerman acquired 10,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $6.66 per share, for a total transaction of $66,600.00. Following the purchase, the director now owns 14,325 shares in the company, valued at $95,404.50. This represents a 231.21 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by 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.