High Income Securities Fund (NYSE:PCF) Shares Set to Pay Monthly Dividend of $0.06

High Income Securities Fund (NYSE:PCF) announced a monthly dividend on Monday, September 28th. Stockholders of record on Tuesday, November 17th will be paid a dividend of $0.0580 per share by the financial services provider on Monday, November 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date is Tuesday, November 17th.

High Income Securities Fund Stock Performance

Shares of NYSE PCF opened at $5.19 on Tuesday. The stock’s fifty day simple moving average is $5.39 and its 200 day simple moving average is $5.51. High Income Securities Fund has a 52-week low of $5.13 and a 52-week high of $6.40.

Institutional Investors Weigh In On High Income Securities Fund

Large investors have recently made changes to their positions in the company. Rivernorth Capital Management LLC boosted its stake in High Income Securities Fund by 95.1% in the 1st quarter. Rivernorth Capital Management LLC now owns 102,563 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 50,003 shares during the period. Saba Capital Management L.P. purchased a new stake in High Income Securities Fund in the 1st quarter worth about $983,000. Lido Advisors LLC purchased a new position in High Income Securities Fund during the 1st quarter valued at about $66,000. Bulldog Investors LLP lifted its position in shares of High Income Securities Fund by 30.4% in the first quarter. Bulldog Investors LLP now owns 13,961 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 3,256 shares in the last quarter. Finally, Live Oak Private Wealth LLC purchased a new stake in shares of High Income Securities Fund in the first quarter worth approximately $97,000. Institutional investors and hedge funds own 16.64% of the company’s stock.

High Income Securities Fund Company Profile

High Income Securities Fund (NYSE: PCF) is a diversified, closed-end management investment company. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

The fund invests in a portfolio of income-producing securities, including corporate debt, high-yield bonds, loans, preferred stocks and other fixed-income or equity investments. Its portfolio may include securities issued by companies in a range of industries and may provide exposure to both U.S.