High Income Securities Fund (PCF) to Issue Monthly Dividend of $0.08 on November 30th

High Income Securities Fund (NYSE:PCF) declared a monthly dividend on Monday, September 21st, Wall Street Journal reports. Investors of record on Tuesday, November 17th will be paid a dividend of 0.082 per share by the financial services provider on Monday, November 30th. This represents a $0.98 dividend on an annualized basis and a yield of 11.83%. The ex-dividend date is Monday, November 16th.

High Income Securities Fund has decreased its dividend by 20.6% over the last three years and has increased its dividend annually for the last 1 consecutive years.

Shares of PCF stock opened at $8.32 on Wednesday. High Income Securities Fund has a 1 year low of $4.70 and a 1 year high of $9.61. The firm’s fifty day simple moving average is $8.14 and its 200 day simple moving average is $7.58.

In other High Income Securities Fund news, Director Phillip Goldstein sold 5,000 shares of High Income Securities Fund stock in a transaction on Monday, September 14th. The shares were sold at an average price of $8.40, for a total transaction of $42,000.00. Following the sale, the director now owns 145,000 shares in the company, valued at $1,218,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew Dakos sold 5,303 shares of High Income Securities Fund stock in a transaction on Monday, September 21st. The stock was sold at an average price of $8.45, for a total transaction of $44,810.35. Following the sale, the director now owns 60,000 shares in the company, valued at approximately $507,000. The disclosure for this sale can be found here. Insiders have sold 23,485 shares of company stock worth $198,425 in the last ninety days. 15.38% of the stock is currently owned by insiders.

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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