High Income Securities Fund (NYSE:PCF - Get Free Report) announced a monthly dividend on Thursday, July 10th, Wall Street Journal reports. Stockholders of record on Tuesday, September 16th will be given 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 11.10%. The ex-dividend date of this dividend is Tuesday, September 16th.
High Income Securities Fund Stock Performance
Shares of NYSE PCF remained flat at $6.41 during midday trading on Friday. 67,438 shares of the stock traded hands, compared to its average volume of 115,860. The firm's 50 day moving average is $6.34 and its 200 day moving average is $6.47. High Income Securities Fund has a 52-week low of $5.73 and a 52-week high of $6.92.
Hedge Funds 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 stake in shares of High Income Securities Fund (NYSE:PCF - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 27,585 shares of the financial services provider's stock, valued at approximately $183,000. Baird Financial Group Inc. owned about 0.15% of High Income Securities Fund as of its most recent SEC filing. Hedge funds and other 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.
See Also
Before you consider High Income Securities Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and High Income Securities Fund wasn't on the list.
While High Income Securities Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
