High Income Securities Fund (NYSE:PCF - Get Free Report) declared a monthly dividend on Monday, April 8th, Wall Street Journal reports. Stockholders of record on Wednesday, June 19th will be paid a dividend of 0.0622 per share by the financial services provider on Friday, June 28th. This represents a $0.75 annualized dividend and a dividend yield of 11.40%. The ex-dividend date is Tuesday, June 18th.
High Income Securities Fund has decreased its dividend payment by an average of 9.7% per year over the last three years and has increased its dividend every year for the last 1 years.
High Income Securities Fund Trading Up 0.9 %
PCF stock traded up $0.06 on Monday, hitting $6.55. The company had a trading volume of 69,399 shares, compared to its average volume of 80,394. High Income Securities Fund has a 12-month low of $5.71 and a 12-month high of $6.96. The stock's 50-day simple moving average is $6.63 and its 200 day simple moving average is $6.38.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of PCF. Advisor Group Holdings Inc. boosted its stake in shares of High Income Securities Fund by 112.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 51,097 shares of the financial services provider's stock worth $405,000 after acquiring an additional 27,000 shares during the last quarter. Raymond James & Associates boosted its stake in shares of High Income Securities Fund by 12.8% during the 1st quarter. Raymond James & Associates now owns 65,889 shares of the financial services provider's stock worth $522,000 after acquiring an additional 7,489 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of High Income Securities Fund during the 1st quarter worth $221,000. Baird Financial Group Inc. boosted its stake in shares of High Income Securities Fund by 13.9% during the 1st quarter. Baird Financial Group Inc. now owns 132,758 shares of the financial services provider's stock worth $1,051,000 after acquiring an additional 16,249 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of High Income Securities Fund by 3.8% during the 1st quarter. NewEdge Advisors LLC now owns 124,300 shares of the financial services provider's stock worth $984,000 after acquiring an additional 4,600 shares during the last quarter. 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.
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