High Income Securities Fund (PCF) to Issue Monthly Dividend of $0.06 on July 31st

by · The Markets Daily

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

High Income Securities Fund Price Performance

High Income Securities Fund stock opened at $5.55 on Friday. High Income Securities Fund has a fifty-two week low of $5.36 and a fifty-two week high of $6.51. The firm has a fifty day moving average price of $5.59 and a two-hundred day moving average price of $5.79.

About High Income Securities Fund

(Get Free Report)

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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