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

High Income Securities Fund (NYSE:PCF) declared a monthly dividend on Monday, April 13th. Investors of record on Tuesday, June 16th will be given a dividend of 0.058 per share by the financial services provider on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 12.4%. The ex-dividend date is Tuesday, June 16th.

High Income Securities Fund Stock Up 0.4%

NYSE PCF opened at $5.63 on Tuesday. High Income Securities Fund has a 1-year low of $5.36 and a 1-year high of $6.51. The business has a 50 day moving average price of $5.79 and a 200 day moving average price of $6.05.

About High Income Securities Fund

High Income Securities Fund (NYSE: PCF) is a closed-end management investment company dedicated to delivering a high level of total return, with an emphasis on current income. The fund invests primarily in a diversified portfolio of below-investment-grade debt securities, including corporate high-yield bonds, bank loans and other fixed-income instruments. While the majority of its holdings are denominated in U.S. dollars, the fund may also invest in non-U.S. issuers and currency exposures as part of its global credit strategy.

To pursue its objectives, PCF may employ leverage in the form of borrowings and preferred stock issuance, enhancing its capacity to generate income but also introducing additional risk.