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

High Income Securities Fund (NYSE:PCF) announced a monthly dividend on Wednesday, July 1st. Investors of record on Tuesday, July 21st will be given a dividend of 0.058 per share by the financial services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 12.5%. The ex-dividend date is Tuesday, July 21st.

High Income Securities Fund Trading Up 1.8%

NYSE PCF opened at $5.57 on Thursday. High Income Securities Fund has a 1 year low of $5.36 and a 1 year high of $6.51. The company’s 50 day simple moving average is $5.59 and its two-hundred 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.