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.
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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