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

High Income Securities Fund (NYSE:PCF) announced a dividend on Monday, January 20th,investing.com reports. Stockholders 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 Trading Up 0.3 %

Shares of High Income Securities Fund stock opened at $6.64 on Tuesday. The stock has a fifty day simple moving average of $6.64 and a 200 day simple moving average of $6.66. High Income Securities Fund has a 12-month low of $6.19 and a 12-month high of $7.00.

Insider Activity

In other High Income Securities Fund news, Director Gerald Hellerman purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of $6.66 per share, for a total transaction of $66,600.00. Following the completion of the acquisition, the director now owns 14,325 shares of the company’s stock, valued at $95,404.50. The trade was a 231.21 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders bought a total of 13,624 shares of company stock worth $89,836 over the last quarter. 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.