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

High Income Securities Fund (NYSE:PCF) announced a dividend on Sunday, January 19th,investing.com reports. Stockholders of record on Wednesday, January 22nd will be paid 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 of this dividend is Tuesday, January 21st.

High Income Securities Fund Stock Performance

NYSE:PCF traded up $0.02 during mid-day trading on Friday, hitting $6.64. 83,104 shares of the stock traded hands, compared to its average volume of 127,688. High Income Securities Fund has a 52 week low of $6.19 and a 52 week high of $7.00. The firm’s 50 day moving average is $6.64 and its two-hundred day moving average is $6.67.

Insider Buying and Selling at High Income Securities Fund

In other High Income Securities Fund news, Director Gerald Hellerman acquired 10,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were bought at an average price of $6.66 per share, with a total value of $66,600.00. Following the transaction, the director now directly owns 14,325 shares of the company’s stock, valued at $95,404.50. The trade was a 231.21 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders acquired 13,624 shares of company stock worth $89,836 over the last 90 days. Company insiders own 1.60% of the company’s stock.

High Income Securities Fund Company Profile

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.