High Income Securities Fund (NYSE:PCF - Get Free Report) announced a monthly dividend on Monday, April 13th. Stockholders of record on Tuesday, June 16th will be given a dividend of 0.058 per share by the financial services provider on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 12.4%. The ex-dividend date is Tuesday, June 16th.
High Income Securities Fund Price Performance
PCF opened at $5.63 on Tuesday. The business has a 50 day simple moving average of $5.79 and a 200-day simple moving average of $6.05. High Income Securities Fund has a 12 month low of $5.36 and a 12 month high of $6.51.
About High Income Securities Fund
(
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High Income Securities Fund NYSE: PCF is a closed-end management investment company dedicated to delivering a high level of total return, with an emphasis on current income. The fund invests primarily in a diversified portfolio of below-investment-grade debt securities, including corporate high-yield bonds, bank loans and other fixed-income instruments. While the majority of its holdings are denominated in U.S. dollars, the fund may also invest in non-U.S. issuers and currency exposures as part of its global credit strategy.
To pursue its objectives, PCF may employ leverage in the form of borrowings and preferred stock issuance, enhancing its capacity to generate income but also introducing additional risk.
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