Putnam High Income Securities Fund (PCF) Plans Monthly Dividend of $0.03

Putnam High Income Securities Fund (NYSE:PCF) declared a monthly dividend on Monday, January 29th, Wall Street Journal reports. Stockholders of record on Friday, February 23rd will be paid a dividend of 0.0283 per share by the financial services provider on Thursday, March 1st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Thursday, February 22nd.

Putnam High Income Securities Fund has decreased its dividend payment by an average of 3.5% per year over the last three years.

Shares of Putnam High Income Securities Fund (NYSE PCF) traded down $0.01 during trading hours on Monday, hitting $9.21. The stock had a trading volume of 12,850 shares, compared to its average volume of 39,945. Putnam High Income Securities Fund has a one year low of $8.33 and a one year high of $9.31.

In other news, major shareholder Bulldog Investors, Llc bought 18,600 shares of the stock in a transaction dated Tuesday, November 14th. The shares were bought at an average cost of $8.90 per share, with a total value of $165,540.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought 340,308 shares of company stock worth $3,087,785 over the last ninety days.

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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.

Dividend History for Putnam High Income Securities Fund (NYSE:PCF)

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