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

High Income Securities Fund logo with Finance background

High Income Securities Fund (NYSE:PCF - Get Free Report) announced a monthly dividend on Wednesday, July 9th, Wall Street Journal reports. Investors of record on Tuesday, September 16th will be paid a dividend of 0.0593 per share by the financial services provider on Tuesday, September 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 11.12%. The ex-dividend date of this dividend is Tuesday, September 16th.

High Income Securities Fund Stock Performance

High Income Securities Fund stock remained flat at $6.40 during trading hours on Wednesday. 69,829 shares of the company's stock were exchanged, compared to its average volume of 116,482. The stock has a 50 day moving average of $6.34 and a 200 day moving average of $6.47. High Income Securities Fund has a fifty-two week low of $5.73 and a fifty-two week high of $6.92.

Institutional Investors Weigh In On High Income Securities Fund

A hedge fund recently bought a new stake in High Income Securities Fund stock. Baird Financial Group Inc. acquired a new position in High Income Securities Fund (NYSE:PCF - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 27,585 shares of the financial services provider's stock, valued at approximately $183,000. Baird Financial Group Inc. owned 0.15% of High Income Securities Fund as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 16.64% of the company's stock.

About High Income Securities Fund

(Get Free Report)

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.

Further Reading

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

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