High Income Securities Fund (NYSE:PCF - Get Free Report) declared a monthly dividend on Wednesday, January 8th,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 is Tuesday, March 18th.
High Income Securities Fund Price Performance
Shares of NYSE:PCF traded down $0.04 during trading on Wednesday, reaching $6.51. 107,208 shares of the company's stock traded hands, compared to its average volume of 129,241. High Income Securities Fund has a fifty-two week low of $6.19 and a fifty-two week high of $7.00. The company has a 50-day simple moving average of $6.67 and a 200-day simple moving average of $6.68.
Insider Activity
In related news, Director Gerald Hellerman purchased 10,000 shares of High Income Securities Fund stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average price of $6.66 per share, for a total transaction of $66,600.00. Following the transaction, the director now directly owns 14,325 shares in the company, valued at approximately $95,404.50. This trade represents a 231.21 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.60% of the company's stock.
About High Income Securities Fund
(
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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