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
(
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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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