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

High Income Securities Fund (NYSE:PCF) announced a monthly dividend on Monday, September 28th. Stockholders of record on Tuesday, December 22nd will be paid a dividend of $0.0580 per share by the financial services provider on Thursday, December 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date of this dividend is Tuesday, December 22nd.

High Income Securities Fund Stock Performance

Shares of High Income Securities Fund stock opened at $5.19 on Tuesday. High Income Securities Fund has a one year low of $5.13 and a one year high of $6.40. The firm has a fifty day moving average of $5.39 and a two-hundred day moving average of $5.51.

Hedge Funds Weigh In On High Income Securities Fund

Several hedge funds have recently bought and sold shares of PCF. Lido Advisors LLC acquired a new position in High Income Securities Fund during the first quarter worth approximately $66,000. Bulldog Investors LLP lifted its stake in shares of High Income Securities Fund by 30.4% in the first quarter. Bulldog Investors LLP now owns 13,961 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 3,256 shares in the last quarter. Live Oak Private Wealth LLC bought a new stake in shares of High Income Securities Fund in the first quarter worth $97,000. Tactive Advisors LLC lifted its position in shares of High Income Securities Fund by 21.9% during the first quarter. Tactive Advisors LLC now owns 21,007 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 3,780 shares during the last quarter. Finally, Rivernorth Capital Management LLC grew its position in shares of High Income Securities Fund by 95.1% in the 1st quarter. Rivernorth Capital Management LLC now owns 102,563 shares of the financial services provider’s stock worth $566,000 after acquiring an additional 50,003 shares in the last quarter. Hedge funds and other institutional investors own 16.64% of the company’s stock.

About High Income Securities Fund

High Income Securities Fund (NYSE: PCF) is a diversified, closed-end management investment company. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

The fund invests in a portfolio of income-producing securities, including corporate debt, high-yield bonds, loans, preferred stocks and other fixed-income or equity investments. Its portfolio may include securities issued by companies in a range of industries and may provide exposure to both U.S.