High Income Securities Fund (NYSE:PCF) Announces $0.08 Monthly Dividend

High Income Securities Fund (NYSE:PCF) announced a monthly dividend on Tuesday, September 14th, Wall Street Journal reports. Stockholders of record on Tuesday, December 21st will be given a dividend of 0.078 per share by the financial services provider on Friday, December 31st. This represents a $0.94 dividend on an annualized basis and a dividend yield of 9.41%. The ex-dividend date of this dividend is Monday, December 20th.

PCF opened at $9.95 on Wednesday. The stock has a fifty day moving average of $9.87 and a 200-day moving average of $9.50. High Income Securities Fund has a 12-month low of $7.17 and a 12-month high of $10.07.

In related news, Director Phillip Goldstein sold 27,718 shares of the stock in a transaction on Wednesday, August 11th. The stock was sold at an average price of $9.89, for a total transaction of $274,131.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 73,596 shares of company stock valued at $727,512 in the last 90 days. Corporate insiders own 15.38% of the company’s stock.

A hedge fund recently raised its stake in High Income Securities Fund stock. Morgan Stanley increased its position in shares of High Income Securities Fund (NYSE:PCF) by 12.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,404 shares of the financial services provider’s stock after acquiring an additional 1,701 shares during the period. Morgan Stanley owned about 0.16% of High Income Securities Fund worth $150,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 5.56% 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.

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Dividend History for High Income Securities Fund (NYSE:PCF)

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