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

High Income Securities Fund (NYSE:PCF) declared a monthly dividend on Tuesday, January 7th,NASDAQ Dividends reports. Investors of record on Tuesday, January 21st will be given a dividend of 0.0593 per share by the financial services provider on Friday, January 31st. This represents a $0.71 annualized dividend and a yield of 10.93%. The ex-dividend date is Tuesday, January 21st.

High Income Securities Fund Stock Down 0.6 %

NYSE:PCF opened at $6.51 on Thursday. High Income Securities Fund has a fifty-two week low of $6.19 and a fifty-two week high of $7.00. The stock’s 50-day moving average is $6.66 and its two-hundred day moving average is $6.68.

Insider Activity at High Income Securities Fund

In other news, Director Gerald Hellerman purchased 10,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of $6.66 per share, with a total value of $66,600.00. Following the purchase, the director now owns 14,325 shares in the company, valued at $95,404.50. This represents a 231.21 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.