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

High Income Securities Fund (NYSE:PCF) announced a monthly dividend on Wednesday, July 1st. Investors of record on Tuesday, September 22nd will be given a dividend of 0.058 per share by the financial services provider on Wednesday, September 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, September 22nd.

High Income Securities Fund Stock Performance

Shares of NYSE PCF opened at $5.57 on Thursday. High Income Securities Fund has a fifty-two week low of $5.36 and a fifty-two week high of $6.51. The company’s 50 day simple moving average is $5.59 and its 200 day simple moving average is $5.80.

High Income Securities Fund Company Profile

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.