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

High Income Securities Fund (NYSE:PCF) announced a dividend on Wednesday, April 16th, investing.com reports. Investors of record on Wednesday, April 23rd will be paid 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 is Tuesday, April 22nd.

High Income Securities Fund Stock Down 0.2 %

NYSE:PCF traded down $0.02 during trading hours on Wednesday, hitting $6.09. 1,630 shares of the stock were exchanged, compared to its average volume of 129,350. The company’s 50 day moving average is $6.59 and its two-hundred day moving average is $6.65. High Income Securities Fund has a twelve month low of $5.73 and a twelve month high of $7.00.

Insider Buying and Selling

In other High Income Securities Fund news, Director Phillip Goldstein sold 19,296 shares of High Income Securities Fund stock in a transaction on Monday, February 24th. The shares were sold at an average price of $6.84, for a total transaction of $131,984.64. Following the completion of the sale, the director now owns 7,131 shares of the company’s stock, valued at approximately $48,776.04. The trade was a 73.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was bought at an average cost of $5.97 per share, for a total transaction of $26,787.39. Following the purchase, the director now owns 11,033 shares in the company, valued at $65,867.01. This trade represents a 68.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 6,376 shares of company stock worth $38,412 over the last three months. 1.60% of the stock is currently owned by company 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.