High Income Securities Fund (NYSE:PCF) Declares $0.06 Dividend

High Income Securities Fund (NYSE:PCF) declared a dividend on Sunday, January 19th,investing.com reports. Shareholders of record on Wednesday, January 22nd will be paid a dividend of 0.0593 per share by the financial services provider on Friday, January 31st. This represents a dividend yield of 10.68%. The ex-dividend date is Tuesday, January 21st.

High Income Securities Fund Stock Performance

Shares of NYSE:PCF traded up $0.02 during trading on Friday, reaching $6.64. The stock had a trading volume of 83,104 shares, compared to its average volume of 127,688. High Income Securities Fund has a 1-year low of $6.19 and a 1-year high of $7.00. The business has a fifty day moving average price of $6.64 and a 200-day moving average price of $6.67.

Insider Transactions at High Income Securities Fund

In related news, Director Gerald Hellerman acquired 10,000 shares of High Income Securities Fund stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average price of $6.66 per share, for a total transaction of $66,600.00. Following the completion of the transaction, 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 is available at this link. Insiders acquired 13,624 shares of company stock valued at $89,836 over the last 90 days. 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.