High Income Securities Fund (NYSE:PCF) Declares $0.06 Monthly Dividend

High Income Securities Fund (NYSE:PCF) declared a monthly dividend on Thursday, January 9th, Wall Street Journal reports. Investors of record on Tuesday, March 18th will be given a dividend of 0.0593 per share by the financial services provider on Monday, March 31st. This represents a $0.71 dividend on an annualized basis and a dividend yield of 10.64%. The ex-dividend date of this dividend is Tuesday, March 18th.

High Income Securities Fund Stock Up 0.6 %

High Income Securities Fund stock opened at $6.69 on Friday. The company has a 50 day moving average price of $6.69 and a 200 day moving average price of $6.70. High Income Securities Fund has a 52 week low of $6.19 and a 52 week high of $7.00.

Insider Buying and Selling at High Income Securities Fund

In related news, Director Phillip Goldstein sold 19,296 shares of High Income Securities Fund stock in a transaction on Monday, February 24th. The shares were sold at an average price of $6.84, for a total value of $131,984.64. Following the completion of the sale, the director now owns 7,131 shares of the company’s stock, valued at approximately $48,776.04. The trade was a 73.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerald Hellerman acquired 10,000 shares of High Income Securities Fund stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of $6.66 per share, with a total value of $66,600.00. Following the purchase, the director now owns 14,325 shares in the company, valued at $95,404.50. The trade was a 231.21 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 13,624 shares of company stock valued at $89,836 and sold 19,669 shares valued at $134,425. Company insiders own 1.60% 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.