Putnam High Income Securities Fund (NYSE:PCF) announced a monthly dividend on Monday, October 23rd, Wall Street Journal reports. Shareholders of record on Friday, November 24th will be given a dividend of 0.0283 per share by the financial services provider on Friday, December 1st. This represents a $0.34 annualized dividend and a yield of 3.72%. The ex-dividend date is Wednesday, November 22nd.
Putnam High Income Securities Fund has decreased its dividend payment by an average of 7.5% annually over the last three years.
Shares of Putnam High Income Securities Fund (PCF) traded up $0.07 on Wednesday, hitting $9.12. The stock had a trading volume of 12,326 shares, compared to its average volume of 30,220. Putnam High Income Securities Fund has a 12-month low of $7.94 and a 12-month high of $9.15.
In other news, major shareholder Bulldog Investors, Llc acquired 21,200 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was bought at an average cost of $8.72 per share, for a total transaction of $184,864.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders bought 199,542 shares of company stock worth $1,765,871.
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About Putnam High Income Securities 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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