Dividend Flows Coverage: $0.03 dividends just around the corner for Putnam High Income Bond Fund (NYSE:PCF) shareholders.

Dividend Flows Coverage: $0.03 dividends just around the corner for Putnam High Income Bond Fund (NYSE:PCF) shareholders.

Putnam High Income Bond Fund (NYSE:PCF) is expected to pay $0.03 on Nov 1, 2016. The indicated annual dividend is $0.34. Shareholders owning the stock before Oct 20, 2016 will be eligible to receive the payout. Based on Putnam High Income Bond Fund’s current price of $7.83, the dividend is 0.40%. This dividend’s record date is Oct 24, 2016 and the announcement date is Sep 19, 2016. The stock increased 0.51% or $0.04 on October 18, hitting $7.83. Putnam High Income Securities Fund (NYSE:PCF) has risen 7.85% since March 16, 2016 and is uptrending. It has outperformed by 2.31% the S&P500.

Putnam High Income Securities Fund is a diversified closed-end management investment company. The company has a market cap of $106.53 million. The Fund’s goal is to provide high current income as a primary objective and capital appreciation as a secondary objective. It currently has negative earnings. The Fund invests in both convertible bonds and convertible preferred stocks, which share various characteristics as convertible bonds.

Insitutional Activity: The institutional sentiment decreased to 0.64 in 2016 Q2. Its down 0.69, from 1.33 in 2016Q1. The ratio dropped, as 3 funds sold all Putnam High Income Securities Fund shares owned while 8 reduced positions. 1 funds bought stakes while 6 increased positions. They now own 3.06 million shares or 1.20% more from 3.03 million shares in 2016Q1.
Thrivent Finance For Lutherans accumulated 0% or 1,000 shares. The Georgia-based Signaturefd Limited Liability Corp has invested 0% in Putnam High Income Securities Fund (NYSE:PCF). Moreover, Saba Cap Management Lp has 0.25% invested in Putnam High Income Securities Fund (NYSE:PCF) for 364,765 shares. Clear Harbor Asset Limited Liability Com has 12,900 shares for 0.02% of their US portfolio. Us National Bank De accumulated 0% or 700 shares. Raymond James Advsrs holds 0% or 26,479 shares in its portfolio. Gilman Hill Asset Management Llc owns 20,000 shares or 0.06% of their US portfolio. Bulldog Lc accumulated 344,699 shares or 0.68% of the stock. Bank Of America Corporation De last reported 26,978 shares in the company. Guggenheim Cap Lc accumulated 502,229 shares or 0.01% of the stock. Invesco Ltd reported 51,410 shares or 0% of all its holdings. Landscape Cap Ltd Liability Co has 72,096 shares for 0.07% of their US portfolio. Fifth Third Commercial Bank has 2,224 shares for 0% of their US portfolio. Advsrs Asset Mngmt owns 727,305 shares or 0.09% of their US portfolio. Blue Bell Private Wealth Mngmt Lc accumulated 0.01% or 2,670 shares.

PCF Company Profile

Putnam High Income Securities Fund is a closed ended fund. The Fund seeks to provide current income as a primary objective and capital appreciation as a secondary objective by investing in corporate and convertible bonds and preferred stock. The Fund implements both traditional and alternative strategies independent approach to investment research. The Fund pursues its objective by investing in both convertible bonds and convertible preferred stocks, which share the same characteristics as convertible bonds, as well as offer potential for capital appreciation. The Fund looks for value beyond mainstream benchmark indexes, pursue drivers of return, and take a view of market risk with the goal of reducing volatility. The Fund’s value and returns of the portfolio fluctuate according to the market conditions. The Fund invests in Putnam Money Market Liquidity Fund and the Putnam Cash Collateral Pool, LLC. The Fund provides monthly dividend and trades on secondary market. The Fund’s investment return, net asset value, and market price fluctuate and the investors may have a gain or a loss when the shares are sold. The Fund’s performance assumes reinvestment of distributions and does not account for taxes.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment