Positive Press Coverage Somewhat Unlikely to Affect Putnam High Income Bond Fund (PCF) Share Price
News articles about Putnam High Income Bond Fund (NYSE:PCF) have trended positive on Monday, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Putnam High Income Bond Fund earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 49.3340177800567 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Putnam High Income Bond Fund (PCF) opened at 8.93 on Monday. The company has a 50-day moving average price of $8.77 and a 200 day moving average price of $8.75. Putnam High Income Bond Fund has a 52 week low of $7.60 and a 52 week high of $8.99.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 24th will be issued a dividend of $0.0283 per share. The ex-dividend date is Monday, October 23rd. This represents a $0.34 annualized dividend and a yield of 3.80%.
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In other news, major shareholder Bulldog Investors, Llc bought 39,275 shares of the stock in a transaction on Thursday, September 7th. The stock was acquired at an average cost of $8.69 per share, for a total transaction of $341,299.75. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have acquired 69,383 shares of company stock valued at $604,109.
About Putnam High Income Bond Fund
Putnam High Income Securities Fund is a diversified closed-end management investment company. The Fund provides high current income as a primary objective and capital appreciation as a secondary objective. The Fund pursues its objective by investing in convertible bonds and convertible preferred stocks.
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