High Income Securities Fund (NYSE:PCF) Plans Dividend of $0.06

High Income Securities Fund (NYSE:PCF) declared a dividend on Monday, January 20th,investing.com reports. Stockholders of record on Wednesday, January 22nd will be given a dividend of 0.0593 per share by the financial services provider on Friday, January 31st. This represents a dividend yield of 10.68%. The ex-dividend date is Tuesday, January 21st.

High Income Securities Fund Stock Performance

NYSE PCF opened at $6.64 on Tuesday. High Income Securities Fund has a twelve month low of $6.19 and a twelve month high of $7.00. The stock has a fifty day simple moving average of $6.64 and a 200 day simple moving average of $6.66.

Insider Transactions at High Income Securities Fund

In related news, Director Gerald Hellerman bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of $6.66 per share, with a total value of $66,600.00. Following the completion of the purchase, the director now directly owns 14,325 shares in the company, valued at $95,404.50. The trade was a 231.21 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders acquired 13,624 shares of company stock valued at $89,836. Corporate insiders own 1.60% of the company’s stock.

About High Income Securities Fund

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.