High Income Securities Fund (NYSE:PCF – Get Free Report) announced a monthly dividend on Monday, April 13th. Stockholders 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) dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date of this dividend is Tuesday, June 16th.
High Income Securities Fund Stock Performance
PCF opened at $5.59 on Friday. The company’s 50-day simple moving average is $5.63 and its two-hundred day simple moving average is $5.87. High Income Securities Fund has a 52-week low of $5.36 and a 52-week high of $6.51.
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.
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