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

High Income Securities Fund (NYSE:PCF - Get Free Report) announced a monthly dividend on Friday, January 2nd. Investors of record on Tuesday, March 17th will be paid a dividend of 0.058 per share by the financial services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date of this dividend is Tuesday, March 17th.High Income Securities Fund Stock PerformanceHigh Income Securities Fund stock opened at $5.62 on Friday. High Income Securities Fund has a 1 year low of $5.55 and a 1 year high of $6.72. The firm's 50 day moving average price is $6.04 and its two-hundred day moving average price is $6.19. 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.Read MoreFive stocks we like better than High Income Securities FundThe gold chart Wall Street is terrified of…Elon Musk already made me a “wealthy man”Silver paying 20% dividend. Plus 68% share gainsUnlocked: Elon Musk’s Next Big IPOA personal warning from Martin Weiss (Please read)This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in High Income Securities Fund Right Now?Before you consider High Income Securities Fund, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and High Income Securities Fund wasn't on the list.While High Income Securities Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here