High Income Securities Fund (NYSE:PCF) Announces $0.06 Monthly Dividend

High Income Securities Fund (NYSE:PCFGet Free Report) announced a monthly dividend on Thursday, January 4th, Zacks reports. Investors of record on Monday, January 22nd will be given a dividend of 0.062 per share by the financial services provider on Wednesday, January 31st. This represents a $0.74 dividend on an annualized basis and a yield of 11.55%. The ex-dividend date of this dividend is Friday, January 19th.

High Income Securities Fund has decreased its dividend payment by an average of 9.7% per year over the last three years and has raised its dividend annually for the last 1 consecutive years.

High Income Securities Fund Price Performance

Shares of NYSE:PCF opened at $6.44 on Thursday. The company’s fifty day moving average price is $6.39 and its 200-day moving average price is $6.37. High Income Securities Fund has a one year low of $5.71 and a one year high of $7.12.

Hedge Funds Weigh In On High Income Securities Fund

A number of institutional investors have recently made changes to their positions in the stock. LPL Financial LLC increased its holdings in shares of High Income Securities Fund by 35.0% in the 3rd quarter. LPL Financial LLC now owns 115,468 shares of the financial services provider’s stock worth $715,000 after buying an additional 29,950 shares during the last quarter. UBS Group AG boosted its stake 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 purchasing an additional 4,654 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of High Income Securities Fund by 15.2% in the 2nd quarter. Osaic Holdings Inc. now owns 168,725 shares of the financial services provider’s stock valued at $1,093,000 after purchasing an additional 22,237 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of High Income Securities Fund by 0.3% in the 1st quarter. Cetera Investment Advisers now owns 896,638 shares of the financial services provider’s stock valued at $5,828,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of High Income Securities Fund by 9.9% in the 1st quarter. Bank of America Corp DE now owns 193,060 shares of the financial services provider’s stock valued at $1,255,000 after purchasing an additional 17,360 shares in the last quarter. Institutional investors own 16.75% of the company’s stock.

High Income Securities Fund Company Profile

(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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Dividend History for High Income Securities Fund (NYSE:PCF)

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