High Income Securities Fund (NYSE:PCF – Get Free Report) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Tuesday, January 20th will be given a dividend of 0.058 per share by the financial services provider on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date is Tuesday, January 20th.
High Income Securities Fund Stock Down 0.4%
Shares of NYSE:PCF opened at $6.15 on Friday. High Income Securities Fund has a 12-month low of $5.73 and a 12-month high of $6.89. The business’s 50 day moving average is $6.16 and its 200 day moving average is $6.29.
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.
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