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

High Income Securities Fund (NYSE:PCF) announced a dividend on Sunday, January 19th,investing.com reports. Investors 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

PCF stock traded up $0.02 during midday trading on Friday, reaching $6.64. The company’s 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 stock has a fifty day simple moving average of $6.64 and a two-hundred day simple moving average of $6.67.

Insider Buying and Selling at High Income Securities Fund

In other High Income Securities Fund news, Director Gerald Hellerman acquired 10,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average cost of $6.66 per share, with a total value of $66,600.00. Following the completion of the purchase, the director now directly owns 14,325 shares in the company, valued at $95,404.50. The trade was a 231.21 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased a total of 13,624 shares of company stock valued at $89,836 in the last three months. Company insiders own 1.60% of the company’s stock.

About High Income Securities Fund

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.