Notable Dividend Flow: $0.05 dividends are now a reality for MS Income Securities, Inc. (NYSE:ICB) shareholders. Here’s why.

Notable Dividend Flow: $0.05 dividends are now a reality for MS Income Securities, Inc. (NYSE:ICB) shareholders. Here's why.

MS Income Securities, Inc. (NYSE:ICB) is expected to pay $0.05 on Oct 28, 2016. The indicated annual dividend is $0.62. Shareholders owning the stock before Oct 19, 2016 will be eligible to receive the payout. Based on MS Income Securities, Inc.’s current price of $18.23, the dividend is 0.27%. This dividend’s record date is Oct 21, 2016 and the announcement date is Oct 12, 2016. The stock increased 0.16% or $0.03 on October 17, hitting $18.23. Morgan Stanley Income Securities Inc. (NYSE:ICB) has risen 5.38% since March 15, 2016 and is uptrending. It has underperformed by 0.11% the S&P500.

Morgan Stanley Income Securities Inc. is a diversified, closed-end management investment company. The company has a market cap of $162.24 million. The Fund’s primary investment objective is to provide high level of current income for distribution to shareholders as is consistent with prudent investment risk and, as a secondary objective, capital appreciation. It currently has negative earnings. The Fund invests in corporate bonds, asset-backed securities, sovereign, variable rate senior loan interests, short-term investments, foreign currency forward exchange contracts, futures contracts, credit default swap agreements and interest rate swap agreements.

Insitutional Activity: The institutional sentiment decreased to 0.9 in Q2 2016. Its down 1.10, from 2 in 2016Q1. The ratio dived, as 5 funds sold all Morgan Stanley Income Securities Inc. shares owned while 5 reduced positions. 3 funds bought stakes while 6 increased positions. They now own 4.03 million shares or 6.83% less from 4.32 million shares in 2016Q1.
Pnc Svcs Gp Incorporated has invested 0% of its portfolio in Morgan Stanley Income Securities Inc. (NYSE:ICB). Sit Inv Associates holds 0.13% or 260,847 shares in its portfolio. Duncker Streett & Inc reported 25,133 shares or 0.16% of all its holdings. Karpus Mgmt has 2.07M shares for 1.95% of their US portfolio. Thomas J Herzfeld last reported 0.02% of its portfolio in the stock. 1607 Prns Ltd Liability has invested 1.12% of its portfolio in Morgan Stanley Income Securities Inc. (NYSE:ICB). The Kansas-based Creative Planning has invested 0% in Morgan Stanley Income Securities Inc. (NYSE:ICB). Wfg Advsr L P has 600 shares for 0% of their US portfolio. Raymond James Na accumulated 0.02% or 13,665 shares. Moreover, Wells Fargo And Mn has 0% invested in Morgan Stanley Income Securities Inc. (NYSE:ICB) for 173,826 shares. Moreover, Royal National Bank Of Canada has 0% invested in Morgan Stanley Income Securities Inc. (NYSE:ICB) for 12,600 shares. Gilman Hill Asset Ltd Limited Liability Company accumulated 10,025 shares or 0.08% of the stock. Raymond James And has 27,981 shares for 0% of their US portfolio. Texan, a Texas-based fund reported 17,775 shares. Icon Advisers has invested 0.29% of its portfolio in Morgan Stanley Income Securities Inc. (NYSE:ICB).

More notable recent Morgan Stanley Income Securities Inc. (NYSE:ICB) news were published by: Businesswire.com which released: “Morgan Stanley Income Securities Inc. Declares a Monthly Income Dividend” on October 11, 2016, also Bloomberg.com with their article: “JR Kyushu Prices IPO at Top End of Range to Raise $4 Billion” published on October 17, 2016, Prnewswire.com published: “Realty Income Prices $600 Million Of 3.00% Senior Unsecured Notes Due 2027” on October 04, 2016. More interesting news about Morgan Stanley Income Securities Inc. (NYSE:ICB) were released by: Bloomberg.com and their article: “JR Kyushu to Price IPO at Top End of Range to Raise $4 Billion” published on October 17, 2016 as well as Bloomberg.com‘s news article titled: “JPMorgan Earnings Beat Estimates on Bond-Trading Revenue” with publication date: October 14, 2016.

ICB Company Profile

Morgan Stanley Income Securities Inc. (the Fund) is a diversified closed-end management investment company. The Fund’s primary investment objective is to provide a high level of current income. The Company’s secondary objective is capital appreciation. The Company’s portfolio includes corporate bonds, the United States Government obligations, commercial mortgage-backed securities (CMBS), asset-backed securities, short-term investments, collateralized mortgage obligations and foreign government obligations.

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