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

High Income Securities Fund (NYSE:PCF) announced a monthly dividend on Tuesday, September 19th, Wall Street Journal reports. Stockholders of record on Monday, November 20th will be paid a dividend of 0.0604 per share by the financial services provider on Thursday, November 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.07%. The ex-dividend date of this dividend is Friday, November 17th.

High Income Securities Fund has raised its dividend by an average of 43.8% annually over the last three years.

High Income Securities Fund Stock Down 1.1 %

Shares of PCF traded down $0.07 during mid-day trading on Tuesday, reaching $6.55. The company had a trading volume of 17,428 shares, compared to its average volume of 61,771. High Income Securities Fund has a 52-week low of $6.08 and a 52-week high of $7.40. The stock has a 50 day moving average of $6.58 and a two-hundred day moving average of $6.42.

Institutional Trading of High Income Securities Fund

Institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC acquired a new stake in High Income Securities Fund in the third quarter valued at approximately $80,000. Guggenheim Capital LLC acquired a new stake in shares of High Income Securities Fund in the first quarter worth approximately $92,000. Virtu Financial LLC acquired a new stake in shares of High Income Securities Fund in the first quarter worth approximately $141,000. Silverlake Wealth Management LLC acquired a new stake in shares of High Income Securities Fund in the fourth quarter worth approximately $186,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of High Income Securities Fund in the first quarter worth approximately $221,000. 16.75% of the stock is owned by institutional investors and hedge funds.

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.