High Income Securities Fund (NYSE:PCF – Get Free Report) declared a monthly dividend on Monday, April 13th. Investors of record on Tuesday, May 19th will be paid a dividend of 0.058 per share by the financial services provider on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 12.3%. The ex-dividend date of this dividend is Tuesday, May 19th.
High Income Securities Fund Trading Down 0.2%
Shares of PCF opened at $5.67 on Friday. The stock has a 50 day simple moving average of $5.63 and a 200 day simple moving average of $5.96. High Income Securities Fund has a 52-week low of $5.36 and a 52-week high of $6.51.
High Income Securities Fund Company Profile
High Income Securities Fund (NYSE: PCF) is a closed-end management investment company dedicated to delivering a high level of total return, with an emphasis on current income. The fund invests primarily in a diversified portfolio of below-investment-grade debt securities, including corporate high-yield bonds, bank loans and other fixed-income instruments. While the majority of its holdings are denominated in U.S. dollars, the fund may also invest in non-U.S. issuers and currency exposures as part of its global credit strategy.
To pursue its objectives, PCF may employ leverage in the form of borrowings and preferred stock issuance, enhancing its capacity to generate income but also introducing additional risk.
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