High Income Securities Fund (NYSE:PCF - Get Free Report) announced a monthly dividend on Monday, April 7th, Wall Street Journal reports. Shareholders of record on Tuesday, June 17th will be paid a dividend of 0.0593 per share by the financial services provider on Monday, June 30th. This represents a $0.71 annualized dividend and a yield of 11.59%. The ex-dividend date of this dividend is Tuesday, June 17th.
High Income Securities Fund Trading Up 0.1 %
Shares of PCF traded up $0.01 during trading hours on Friday, hitting $6.14. The company had a trading volume of 55,233 shares, compared to its average volume of 130,317. High Income Securities Fund has a one year low of $5.73 and a one year high of $7.00. The company's fifty day moving average price is $6.62 and its two-hundred day moving average price is $6.66.
Insider Activity
In related news, Director Phillip Goldstein sold 19,296 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $6.84, for a total transaction of $131,984.64. Following the transaction, the director now directly owns 7,131 shares in the company, valued at $48,776.04. The trade was a 73.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Moritz A. Sell bought 4,487 shares of High Income Securities Fund stock in a transaction that occurred on Monday, April 7th. The shares were acquired at an average cost of $5.97 per share, for a total transaction of $26,787.39. Following the completion of the transaction, the director now directly owns 11,033 shares in the company, valued at $65,867.01. This represents a 68.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 6,376 shares of company stock worth $38,412. Corporate insiders own 1.60% of the company's stock.
High Income Securities Fund Company Profile
(
Get Free Report)
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.
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