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

High Income Securities Fund (NYSE:PCF) declared a monthly dividend on Thursday, July 10th, Wall Street Journal reports. Stockholders of record on Tuesday, September 16th will be given a dividend of 0.0593 per share by the financial services provider on Tuesday, September 30th. This represents a $0.71 annualized dividend and a dividend yield of 11.12%. The ex-dividend date is Tuesday, September 16th.

High Income Securities Fund Price Performance

NYSE:PCF opened at $6.40 on Thursday. The company has a 50 day moving average price of $6.34 and a 200-day moving average price of $6.47. High Income Securities Fund has a 1-year low of $5.73 and a 1-year high of $6.92.

Institutional Investors Weigh In On High Income Securities Fund

A hedge fund recently bought a new stake in High Income Securities Fund stock. Baird Financial Group Inc. purchased a new position in High Income Securities Fund (NYSE:PCF) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 27,585 shares of the financial services provider’s stock, valued at approximately $183,000. Baird Financial Group Inc. owned approximately 0.15% of High Income Securities Fund as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 16.64% 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.