Putnam High Income Bond Fund Announces Monthly Dividend of $0.03 (PCF)
Putnam High Income Bond Fund (NYSE:PCF) announced a monthly dividend on Monday, October 23rd, Wall Street Journal reports. Stockholders of record on Friday, November 24th will be paid a dividend of 0.0283 per share by the financial services provider on Friday, December 1st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Wednesday, November 22nd.
Putnam High Income Bond Fund has decreased its dividend payment by an average of 7.5% per year over the last three years.
Shares of Putnam High Income Bond Fund (PCF) traded down 0.24% during mid-day trading on Monday, hitting $8.99. The stock had a trading volume of 21,041 shares. Putnam High Income Bond Fund has a 12 month low of $7.60 and a 12 month high of $9.04. The firm has a 50 day moving average price of $8.87 and a 200-day moving average price of $8.80.
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In other news, major shareholder Bulldog Investors, Llc acquired 21,200 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was purchased at an average cost of $8.72 per share, for a total transaction of $184,864.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders bought a total of 105,968 shares of company stock valued at $930,116 over the last quarter.
About Putnam High Income Bond 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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