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

High Income Securities Fund (NYSE:PCF) announced a dividend on Sunday, January 19th,investing.com reports. Investors 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 Up 0.3 %

NYSE PCF traded up $0.02 during trading hours on Friday, reaching $6.64. The company’s stock had a trading volume of 83,104 shares, compared to its average volume of 127,688. High Income Securities Fund has a 1 year low of $6.19 and a 1 year high of $7.00. The firm’s 50-day moving average price is $6.64 and its 200-day moving average price is $6.67.

Insider Activity

In other news, Director Gerald Hellerman bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average cost of $6.66 per share, for a total transaction of $66,600.00. Following the completion of the transaction, the director now owns 14,325 shares of the company’s stock, valued at approximately $95,404.50. This represents a 231.21 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 13,624 shares of company stock worth $89,836 over the last quarter. 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.