High Income Securities Fund (PCF) to Issue Monthly Dividend of $0.06 on February 27th

High Income Securities Fund (NYSE:PCF) announced a monthly dividend on Friday, January 2nd. Investors of record on Tuesday, February 17th will be given a dividend of 0.058 per share by the financial services provider on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date of this dividend is Tuesday, February 17th.

High Income Securities Fund Stock Up 0.9%

Shares of High Income Securities Fund stock opened at $6.13 on Friday. The stock’s fifty day simple moving average is $6.11 and its 200 day simple moving average is $6.25. High Income Securities Fund has a 12 month low of $5.73 and a 12 month high of $6.89.

Insider Activity at High Income Securities Fund

In other High Income Securities Fund news, insider Phillip Goldstein acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was acquired at an average cost of $6.05 per share, for a total transaction of $60,500.00. Following the transaction, the insider owned 23,448 shares of the company’s stock, valued at $141,860.40. This trade represents a 74.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought a total of 24,929 shares of company stock worth $150,792 over the last quarter. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Absolute Investment Advisers LLC bought a new stake in shares of High Income Securities Fund during the fourth quarter worth $1,027,000. Quarry LP acquired a new position in High Income Securities Fund in the 4th quarter worth $396,000. Raymond James Financial Inc. increased its holdings in High Income Securities Fund by 15.9% during the 3rd quarter. Raymond James Financial Inc. now owns 394,391 shares of the financial services provider’s stock worth $2,504,000 after purchasing an additional 54,163 shares in the last quarter. Shaker Financial Services LLC raised its stake in shares of High Income Securities Fund by 171.6% in the 3rd quarter. Shaker Financial Services LLC now owns 77,415 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 48,912 shares during the period. Finally, Samalin Investment Counsel LLC lifted its holdings in shares of High Income Securities Fund by 185.6% in the second quarter. Samalin Investment Counsel LLC now owns 71,556 shares of the financial services provider’s stock valued at $454,000 after purchasing an additional 46,497 shares in the last quarter. Institutional investors own 16.64% of the company’s stock.

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.