Putnam High Income Bond Fund (PCF) Getting Favorable News Coverage, Analysis Shows
Media coverage about Putnam High Income Bond Fund (NYSE:PCF) has trended positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Putnam High Income Bond Fund earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 47.5810058504408 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Putnam High Income Bond Fund (PCF) opened at 8.75 on Thursday. Putnam High Income Bond Fund has a 12 month low of $7.60 and a 12 month high of $8.99. The firm has a 50 day moving average price of $8.79 and a 200-day moving average price of $8.75.
The business also recently disclosed a monthly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 22nd will be issued a dividend of $0.0283 per share. This is a positive change from Putnam High Income Bond Fund’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.88%.
In related news, major shareholder Bulldog Investors, Llc acquired 21,200 shares of the stock in a transaction dated Monday, September 11th. The shares were acquired at an average price of $8.72 per share, with a total value of $184,864.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
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Putnam High Income Bond Fund Company Profile
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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