High Income Securities Fund (NYSE:PCF - Get Free Report) announced a monthly dividend on Friday, April 5th, Wall Street Journal reports. Shareholders of record on Tuesday, May 21st will be paid a dividend of 0.0622 per share by the financial services provider on Friday, May 31st. This represents a $0.75 annualized dividend and a yield of 11.48%. The ex-dividend date of this dividend is Monday, May 20th. This is a boost from High Income Securities Fund's previous monthly dividend of $0.06.
High Income Securities Fund has decreased its dividend by an average of 9.7% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.
High Income Securities Fund Stock Performance
Shares of High Income Securities Fund stock traded down $0.04 during trading hours on Friday, hitting $6.50. The company's stock had a trading volume of 216,305 shares, compared to its average volume of 80,561. High Income Securities Fund has a twelve month low of $5.71 and a twelve month high of $6.96. The firm has a fifty day moving average of $6.63 and a 200-day moving average of $6.39.
Hedge Funds Weigh In On High Income Securities Fund
Several hedge funds have recently bought and sold shares of the company. UBS Group AG increased its holdings in shares of High Income Securities Fund by 100.3% in the 3rd quarter. UBS Group AG now owns 9,292 shares of the financial services provider's stock valued at $58,000 after acquiring an additional 4,654 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of High Income Securities Fund in the 3rd quarter valued at about $80,000. Guggenheim Capital LLC purchased a new position in High Income Securities Fund during the 1st quarter worth approximately $92,000. Virtu Financial LLC purchased a new position in High Income Securities Fund during the 1st quarter worth approximately $141,000. Finally, Advisory Services Network LLC grew its stake in High Income Securities Fund by 39.9% during the 4th quarter. Advisory Services Network LLC now owns 18,659 shares of the financial services provider's stock worth $120,000 after buying an additional 5,317 shares during the last quarter. Institutional investors and hedge funds own 16.64% of the company's stock.
High Income Securities Fund Company Profile
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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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