High Income Securities Fund (PCF) to Issue Dividend of $0.06 on April 30th

High Income Securities Fund (NYSE:PCF) declared a dividend on Wednesday, April 16th, investing.com reports. Investors of record on Wednesday, April 23rd will be given a dividend of 0.0593 per share by the financial services provider on Wednesday, April 30th. This represents a dividend yield of 11.68%. The ex-dividend date of this dividend is Tuesday, April 22nd.

High Income Securities Fund Trading Up 0.3 %

Shares of NYSE:PCF opened at $6.02 on Friday. High Income Securities Fund has a one year low of $5.73 and a one year high of $7.00. The business’s 50-day simple moving average is $6.57 and its 200 day simple moving average is $6.64.

Insider Activity

In other news, Director Phillip Goldstein sold 19,296 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 7,131 shares of the company’s stock, valued at approximately $48,776.04. This represents a 73.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Moritz A. Sell purchased 4,487 shares of the business’s stock in a transaction dated 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 acquisition, the director now owns 11,033 shares of the company’s stock, valued at approximately $65,867.01. The trade was a 68.55 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 6,376 shares of company stock worth $38,412. 1.60% of the stock is currently owned by corporate insiders.

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.