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

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High Income Securities Fund (NYSE:PCF) announced a monthly dividend on Tuesday, July 7th, Wall Street Journal reports. Investors of record on Monday, September 21st will be given a dividend of 0.082 per share by the financial services provider on Wednesday, September 30th. This represents a $0.98 dividend on an annualized basis and a yield of 11.65%. The ex-dividend date of this dividend is Friday, September 18th.

High Income Securities Fund has decreased its dividend by 20.6% over the last three years and has raised its dividend every year for the last 1 years.

NYSE PCF opened at $8.45 on Thursday. High Income Securities Fund has a 12 month low of $4.70 and a 12 month high of $9.61. The business has a fifty day simple moving average of $8.07 and a 200 day simple moving average of $7.59.

In other news, Director Phillip Goldstein sold 5,000 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $8.40, for a total transaction of $42,000.00. Following the completion of the sale, the director now directly owns 145,000 shares of the company’s stock, valued at approximately $1,218,000. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company 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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Dividend History for High Income Securities Fund (NYSE:PCF)

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