Putnam High Income Bond Fund (PCF) to Issue Monthly Dividend of $0.03
Putnam High Income Bond Fund (NYSE:PCF) declared a monthly dividend on Friday, April 21st, Wall Street Journal reports. Stockholders of record on Wednesday, May 24th will be given a dividend of 0.0309 per share by the financial services provider on Thursday, June 1st. This represents a $0.37 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Monday, May 22nd.
Putnam High Income Bond Fund has decreased its dividend by an average of 7.5% annually over the last three years.
Putnam High Income Bond Fund (NYSE:PCF) traded down 0.45% during trading on Friday, hitting $8.83. 7,731 shares of the stock traded hands. The company’s 50 day moving average price is $8.77 and its 200 day moving average price is $8.53. The company has a market cap of $114.59 million, a P/E ratio of 5.05 and a beta of 0.70. Putnam High Income Bond Fund has a 12 month low of $7.50 and a 12 month high of $8.90.
About Putnam High Income Bond Fund
Putnam High Income Securities Fund is a diversified closed-end management investment company. The Fund provides high current income as a primary objective and capital appreciation as a secondary objective. The Fund pursues its objective by investing in convertible bonds and convertible preferred stocks.
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