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

Key Points

• High Income Securities Fund (NYSE:PCF) declared a monthly dividend of $0.058 per share, payable April 30 to shareholders of record on April 21 (ex-dividend date April 21), implying an annualized yield of 12.4%.
• The fund primarily invests in below-investment-grade debt (high-yield bonds, bank loans) and may employ leverage through borrowings and preferred stock to boost income, which increases both return potential and risk.
• PCF opened at $5.63 and is trading near the lower end of its 52-week range ($5.36–$6.51), with a 50-day SMA of $5.79 and a 200-day SMA of $6.05.

High Income Securities Fund (NYSE:PCF - Get Free Report) declared a monthly dividend on Monday, April 13th. Stockholders of record on Tuesday, April 21st will be given a dividend of 0.058 per share by the financial services provider on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 12.4%. The ex-dividend date of this dividend is Tuesday, April 21st.

High Income Securities Fund Price Performance

NYSE PCF opened at $5.63 on Tuesday. High Income Securities Fund has a one year low of $5.36 and a one year high of $6.51. The firm has a 50 day simple moving average of $5.79 and a 200-day simple moving average of $6.05.

High Income Securities Fund Company Profile

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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