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

High Income Securities Fund (NYSE:PCF - Get Free Report) announced a monthly dividend on Tuesday, April 8th, Wall Street Journal reports. Stockholders of record on Tuesday, June 17th will be given a dividend of 0.0593 per share by the financial services provider on Monday, June 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 11.59%. The ex-dividend date is Tuesday, June 17th.

High Income Securities Fund Price Performance

PCF stock traded up $0.01 during trading on Friday, reaching $6.14. 55,233 shares of the company were exchanged, compared to its average volume of 130,317. The company has a 50-day moving average of $6.62 and a two-hundred day moving average of $6.66. High Income Securities Fund has a twelve month low of $5.73 and a twelve month high of $7.00.

Insider Transactions at High Income Securities Fund

In other news, Director Phillip Goldstein sold 19,296 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $6.84, for a total transaction of $131,984.64. Following the completion of the transaction, the director now owns 7,131 shares of the company's stock, valued at approximately $48,776.04. This trade represents a 73.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Moritz A. Sell acquired 4,487 shares of High Income Securities Fund stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average cost of $5.97 per share, for a total transaction of $26,787.39. Following the purchase, the director now owns 11,033 shares of the company's stock, valued at $65,867.01. The trade was a 68.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 6,376 shares of company stock worth $38,412. Corporate insiders own 1.60% of the company's stock.

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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.