Putnam High Income Securities Fund (PCF) Getting Somewhat Positive Media Coverage, Study Finds
Media coverage about Putnam High Income Securities Fund (NYSE:PCF) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Putnam High Income Securities Fund earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 49.8028283681287 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Putnam High Income Securities Fund (PCF) opened at $9.09 on Tuesday. Putnam High Income Securities Fund has a twelve month low of $8.13 and a twelve month high of $9.24.
The company also recently announced a monthly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 24th will be issued a $0.0283 dividend. The ex-dividend date is Tuesday, January 23rd. This represents a $0.34 annualized dividend and a dividend yield of 3.74%.
In other news, major shareholder Bulldog Investors, Llc bought 35,885 shares of Putnam High Income Securities Fund stock in a transaction dated Wednesday, October 11th. The shares were purchased at an average cost of $8.91 per share, with a total value of $319,735.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought 130,159 shares of company stock worth $1,161,762 over the last ninety days.
Putnam High Income Securities Fund Company Profile
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.
Receive News & Ratings for Putnam High Income Securities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Putnam High Income Securities Fund and related companies with MarketBeat.com's FREE daily email newsletter.