High Income Securities Fund (PCF) To Go Ex-Dividend on May 20th

High Income Securities Fund (NYSE:PCF) announced a dividend on Saturday, May 17th, investing.com reports. Stockholders of record on Wednesday, May 21st will be given a dividend of 0.0593 per share by the financial services provider on Friday, May 30th. This represents a dividend yield of 11.19%. The ex-dividend date of this dividend is Tuesday, May 20th.

High Income Securities Fund Stock Performance

High Income Securities Fund stock opened at $6.38 on Friday. High Income Securities Fund has a 12 month low of $5.73 and a 12 month high of $7.00. The business has a 50 day simple moving average of $6.33 and a 200-day simple moving average of $6.56.

Insider Transactions at High Income Securities Fund

In other High Income Securities Fund news, Director Moritz A. Sell acquired 4,487 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average price of $5.97 per share, with a total value of $26,787.39. Following the completion of the acquisition, the director now directly owns 11,033 shares of the company’s stock, valued at approximately $65,867.01. The trade was a 68.55% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Phillip Goldstein sold 19,296 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $6.84, for a total value of $131,984.64. Following the transaction, the director now directly owns 7,131 shares in the company, valued at $48,776.04. This represents a 73.02% decrease in their position. The disclosure for this sale can be found here. Insiders purchased 6,376 shares of company stock worth $38,412 over the last 90 days. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in High Income Securities Fund stock. Baird Financial Group Inc. bought a new stake in High Income Securities Fund (NYSE:PCF) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,585 shares of the financial services provider’s stock, valued at approximately $183,000. Baird Financial Group Inc. owned about 0.15% of High Income Securities Fund as of its most recent filing with the Securities & Exchange Commission. 16.64% of the stock is owned by institutional investors and hedge funds.

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.