Favorable News Coverage Somewhat Unlikely to Impact Putnam High Income Securities Fund (PCF) Share Price

News headlines about Putnam High Income Securities Fund (NYSE:PCF) have been trending positive on Wednesday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Putnam High Income Securities Fund earned a news sentiment score of 0.37 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.8356229596946 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of Putnam High Income Securities Fund (PCF) opened at $8.90 on Wednesday. Putnam High Income Securities Fund has a fifty-two week low of $8.46 and a fifty-two week high of $9.31.

The firm also recently declared a monthly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 23rd will be given a dividend of $0.0283 per share. This represents a $0.34 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Thursday, February 22nd.

In other Putnam High Income Securities Fund news, major shareholder Bulldog Investors, Llc purchased 23,948 shares of the stock in a transaction on Thursday, February 1st. The stock was acquired at an average price of $9.14 per share, with a total value of $218,884.72. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have acquired a total of 317,486 shares of company stock valued at $2,889,713 in 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.

Insider Buying and Selling by Quarter for Putnam High Income Securities Fund (NYSE:PCF)

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