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

High Income Securities Fund (NYSE:PCF) declared a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Investors of record on Tuesday, March 18th will be paid a dividend of 0.0593 per share by the financial services provider on Monday, March 31st. This represents a $0.71 annualized dividend and a yield of 10.93%. The ex-dividend date of this dividend is Tuesday, March 18th.

High Income Securities Fund Price Performance

Shares of High Income Securities Fund stock opened at $6.51 on Friday. The company’s fifty day moving average price is $6.66 and its two-hundred day moving average price is $6.68. High Income Securities Fund has a 52-week low of $6.19 and a 52-week high of $7.00.

Insider Activity

In related news, Director Gerald Hellerman acquired 10,000 shares of the stock in a transaction 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 owns 14,325 shares of the company’s stock, valued at $95,404.50. The trade was a 231.21 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.60% of the company’s stock.

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.