High Income Securities Fund (PCF) To Go Ex-Dividend on January 20th

High Income Securities Fund (NYSE:PCF) declared a monthly dividend on Friday, January 2nd. Investors 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) annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend is Tuesday, January 20th.

High Income Securities Fund Stock Down 0.4%

PCF stock traded down $0.03 on Friday, hitting $6.15. 55,127 shares of the company’s stock were exchanged, compared to its average volume of 85,447. High Income Securities Fund has a 12-month low of $5.73 and a 12-month high of $6.89. The firm has a 50 day moving average price of $6.16 and a two-hundred day moving average price of $6.29.

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.