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

High Income Securities Fund (NYSE:PCF) declared a monthly dividend on Friday, January 2nd. Shareholders 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) annualized dividend and a yield of 11.4%. The ex-dividend date is Tuesday, February 17th.

High Income Securities Fund Price Performance

High Income Securities Fund stock opened at $6.13 on Friday. High Income Securities Fund has a fifty-two week low of $5.73 and a fifty-two week high of $6.89. The stock has a fifty day moving average of $6.11 and a two-hundred day moving average of $6.25.

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.