PCF High Income Securities Fund — distribution yield, history & ex-dividend dates
$5.48
▼
$-0.01(-0.18%)
as of Sep 14, 2026 03:06 UTC
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The High Income Securities Fund, a closed-ended mutual fund designed to provide balanced income, was originally established and is currently overseen by Putnam Investment Management, LLC. Putnam Investments Limited also serves as a co-manager for the fund. Its investment strategy concentrates on the fixed income markets within the United States. Additionally, the fund diversifies its portfolio by acquiring equity stakes in businesses operating across numerous industries, with a particular emphasis on both convertible bonds and convertible preferred stocks. To evaluate its performance, the fund utilizes a blended benchmark, consisting of 50% JPMorgan Developed High Yield Index and 50% BofA Merrill Lynch AllConvertibles Speculative Quality Index. This fund, which is domiciled in the United States and commenced operations on July 9, 1987, was previously known as the Putnam High Income Securities Fund.
Distribution Snapshot
StatusReduced
Latest Distribution$0.0580
Forward Annual$0.70
FrequencyMonthly
Last Ex-DateSep 22, 2026
Next Ex-DateSep 22, 2026
Next Pay DateSep 30, 2026
1-Yr Growth-4.7%Annual totals, 2024–2025
10-Yr Growth6.7%Annual totals, 2015–2025
Key Metrics
Distribution Yield
12.70%
At the Sep 14, 2026 price
The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.Annualized Distribution
$0.6960
The most recent payment scaled to a full year by how often it's paid. A $0.25 quarterly dividend annualizes to $1.00.Frequency
M Monthly
How often the dividend is paid: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.Rank Score
55.4
As of Sep 14, 2026
Our 0-100 house score blending yield quality, payout sustainability (the trailing-twelve-month payout ratio), profitability (TTM return on equity), valuation (TTM price-to-book) and payment reliability, recomputed daily. Higher means a stronger profile on those factors in our model — a research score, not advice or a recommendation to buy.RSI (14)
53
As of Sep 14, 2026
Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.52-Week Range
$5.28 – $6.47
Closes through Sep 11, 2026
The lowest and highest price over the past year — shows where today's price sits in its recent range.Payout Ratio
n/a
The share of earnings paid out as dividends over the trailing twelve months (TTM): dividends paid divided by net income across the company's four most recent reported quarters, dated by the latest quarter end. A fiscal-year tag such as FY2025 means only annual figures were available. Lower leaves more cushion; above 100% means paying out more than the company earned. It shows n/a for funds and when net income over the period was negative; for REITs and BDCs it is marked EPS-based, since they are judged on FFO/AFFO or net investment income instead.Years Paying
39
How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.Price / Book (TTM)
0.82
Price as of Sep 14, 2026; latest reported book value
Price-to-book ratio: the share price on the date shown divided by the latest reported book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.S.A.F.E. Dividend Read
S
Solid
Below the Solid check (model rank 70+ and yield 2%+): rank 55/100, yield 12.70%.
A
Accelerating
Dividend growth has stalled — 0 consecutive annual increase(s), under the 3 this check looks for.
F
Flawless
A dividend cut or reduction appears in the record.
E
Enduring
39 years of dividend payments on record.
Quote & Key Data
ExchangeNYSEThe stock exchange where the shares trade, such as NYSE or Nasdaq.
Volume75,853Sep 11, 2026 sessionHow many shares changed hands in the latest session — a rough read on trading activity.
Open$5.48Sep 11, 2026 sessionThe price at the start of the latest trading session.
Day Range$5.46 – $5.50Sep 11, 2026 sessionThe lowest and highest price during the latest trading session.
Prev Close$5.49Close of Sep 10, 2026The closing price from the previous trading session.
Market Cap$102.57MAs of Sep 14, 2026The company's total market value — share price times shares outstanding — on the date shown.
Shares Out18.72MImplied by market cap, Sep 14, 2026Shares outstanding implied by the market cap and share price on the date shown.
EPSn/aEarnings per share over the trailing twelve months (TTM), labeled with the end date of the latest reported quarter and shown in the company's reporting currency. Dividends are paid out of these earnings.
P/En/aPrice-to-earnings ratio: the share price on the date shown divided by trailing-twelve-month earnings per share. A rough gauge of how richly the stock is valued.
Ex-DistributionSep 22, 2026Buy before this date to receive the upcoming payment. Buy on or after it and the seller keeps that one.
Pay DateSep 30, 2026The date the dividend is actually paid into shareholders' accounts.
Distribution Growth
3-Yr Growth (CAGR)-6.7%Annual totals, 2022–2025The dividend's average annual growth rate over the period, compounded. Steady growth signals a healthy, rising payout.
5-Yr Growth (CAGR)-6.3%Annual totals, 2020–2025The dividend's average annual growth rate over the period, compounded. Steady growth signals a healthy, rising payout.
Consecutive Increases0 yrsAnnual totals through 2025The number of years in a row the dividend has increased — a track record of reliability.
Why the Yield Moved (90 Days)
PCF's distribution yield rose from 12.56% to 12.70% over the past ~90 days (+0.14 pp). Of that move, +0.00 pp came from changes in the distribution rate and +0.14 pp from the share price ($5.54 on Jun 16, 2026 → $5.48 on Sep 14, 2026). A yield that rises because the price fell is not an improvement in the payout itself.
Yield vs Its Own History
Current12.70%
1-Yr Average11.95%
Low / High10.96% – 13.18%
Percentile83%
Across 285 daily observations over the past 14 months (through Sep 11, 2026), PCF's current yield is higher than approximately 83% of them. Our stored price history for PCF covers the past 14 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.
Adjusted Price History
Distribution History
Distribution Payment History
Ex-dividend calendar →| Amount | Type | Declared | Ex-Date | Record | Pay |
|---|---|---|---|---|---|
| $0.0580 M | Regular | Jul 01, 2026 | Sep 22, 2026 | Sep 22, 2026 | Sep 30, 2026 |
| $0.0580 M | Regular | Jul 01, 2026 | Aug 18, 2026 | Aug 18, 2026 | Aug 31, 2026 |
| $0.0580 M | Regular | Jul 01, 2026 | Jul 21, 2026 | Jul 21, 2026 | Jul 31, 2026 |
| $0.0580 M | Regular | Apr 13, 2026 | Jun 16, 2026 | Jun 16, 2026 | Jun 30, 2026 |
| $0.0580 M | Regular | Apr 13, 2026 | May 19, 2026 | May 19, 2026 | May 29, 2026 |
| $0.0580 I | Regular | Apr 13, 2026 | Apr 22, 2026 | Apr 21, 2026 | Apr 30, 2026 |
| $0.0580 M | Regular | Jan 02, 2026 | Mar 17, 2026 | Mar 17, 2026 | Mar 31, 2026 |
| $0.0580 M | Regular | Jan 02, 2026 | Feb 17, 2026 | Feb 17, 2026 | Feb 27, 2026 |
| $0.0580 M | Regular | Jan 02, 2026 | Jan 20, 2026 | Jan 20, 2026 | Jan 30, 2026 |
| $0.0593 M | Regular | Oct 02, 2025 | Dec 16, 2025 | Dec 16, 2025 | Dec 31, 2025 |
| $0.0593 M | Regular | Oct 02, 2025 | Nov 18, 2025 | Nov 18, 2025 | Nov 28, 2025 |
| $0.0593 M | Regular | Oct 02, 2025 | Oct 21, 2025 | Oct 21, 2025 | Oct 31, 2025 |
| $0.0593 M | Regular | Jul 08, 2025 | Sep 16, 2025 | Sep 16, 2025 | Sep 30, 2025 |
| $0.0593 M | Regular | Jul 08, 2025 | Aug 19, 2025 | Aug 19, 2025 | Aug 29, 2025 |
| $0.0593 M | Regular | Jul 08, 2025 | Jul 22, 2025 | Jul 22, 2025 | Jul 31, 2025 |
| $0.0593 M | Regular | Apr 04, 2025 | Jun 17, 2025 | Jun 17, 2025 | Jun 30, 2025 |
| $0.0593 M | Regular | Apr 04, 2025 | May 20, 2025 | May 20, 2025 | May 30, 2025 |
| $0.0593 M | Regular | Apr 04, 2025 | Apr 22, 2025 | Apr 22, 2025 | Apr 30, 2025 |
| $0.0593 M | Regular | Jan 07, 2025 | Mar 18, 2025 | Mar 18, 2025 | Mar 31, 2025 |
| $0.0593 M | Regular | Jan 07, 2025 | Feb 18, 2025 | Feb 18, 2025 | Feb 28, 2025 |
| $0.0593 M | Regular | Jan 07, 2025 | Jan 21, 2025 | Jan 21, 2025 | Jan 31, 2025 |
| $0.0622 M | Regular | Sep 25, 2024 | Dec 17, 2024 | Dec 17, 2024 | Dec 31, 2024 |
| $0.0622 M | Regular | Sep 25, 2024 | Nov 19, 2024 | Nov 19, 2024 | Nov 29, 2024 |
| $0.0622 M | Regular | Sep 25, 2024 | Oct 22, 2024 | Oct 22, 2024 | Oct 31, 2024 |
| $0.0622 M | Regular | Jun 18, 2024 | Sep 18, 2024 | Sep 18, 2024 | Sep 30, 2024 |
| $0.0622 M | Regular | Jun 18, 2024 | Aug 21, 2024 | Aug 21, 2024 | Aug 30, 2024 |
| $0.0622 M | Regular | Jun 18, 2024 | Jul 17, 2024 | Jul 17, 2024 | Jul 31, 2024 |
| $0.0622 M | Regular | Apr 03, 2024 | Jun 18, 2024 | Jun 18, 2024 | Jun 28, 2024 |
| $0.0622 M | Regular | Apr 03, 2024 | May 20, 2024 | May 21, 2024 | May 31, 2024 |
| $0.0622 M | Regular | Apr 03, 2024 | Apr 18, 2024 | Apr 19, 2024 | Apr 30, 2024 |
| $0.0622 M | Regular | Jan 04, 2024 | Mar 19, 2024 | Mar 20, 2024 | Mar 29, 2024 |
| $0.0622 M | Regular | Jan 04, 2024 | Feb 16, 2024 | Feb 20, 2024 | Feb 29, 2024 |
| $0.0622 M | Regular | Jan 04, 2024 | Jan 19, 2024 | Jan 22, 2024 | Jan 31, 2024 |
| $0.0604 M | Regular | Sep 15, 2023 | Dec 18, 2023 | Dec 19, 2023 | Dec 29, 2023 |
| $0.0604 M | Regular | Sep 15, 2023 | Nov 17, 2023 | Nov 20, 2023 | Nov 30, 2023 |
| $0.0604 M | Regular | Sep 15, 2023 | Oct 19, 2023 | Oct 20, 2023 | Oct 31, 2023 |
| $0.0604 M | Regular | Jun 21, 2023 | Sep 19, 2023 | Sep 20, 2023 | Sep 29, 2023 |
| $0.0604 M | Regular | Jun 21, 2023 | Aug 21, 2023 | Aug 22, 2023 | Aug 31, 2023 |
| $0.0604 M | Regular | Jun 21, 2023 | Jul 19, 2023 | Jul 20, 2023 | Jul 31, 2023 |
| $0.0604 M | Regular | Mar 27, 2023 | Jun 20, 2023 | Jun 21, 2023 | Jun 30, 2023 |
| $0.0604 M | Regular | Mar 27, 2023 | May 18, 2023 | May 19, 2023 | May 31, 2023 |
| $0.0604 M | Regular | Mar 27, 2023 | Apr 18, 2023 | Apr 19, 2023 | Apr 28, 2023 |
| $0.0604 M | Regular | Jan 04, 2023 | Mar 21, 2023 | Mar 22, 2023 | Mar 31, 2023 |
| $0.0600 M | Regular | Jan 04, 2023 | Feb 15, 2023 | Feb 16, 2023 | Feb 28, 2023 |
| $0.0600 M | Regular | Jan 04, 2023 | Jan 19, 2023 | Jan 20, 2023 | Jan 31, 2023 |
| $0.0730 I | Regular | Oct 11, 2022 | Dec 19, 2022 | Dec 20, 2022 | Dec 30, 2022 |
| $0.0730 M | Regular | Oct 11, 2022 | Nov 17, 2022 | Nov 18, 2022 | Nov 30, 2022 |
| $0.0730 M | Regular | Oct 11, 2022 | Oct 19, 2022 | Oct 20, 2022 | Oct 31, 2022 |
| $0.0730 M | Regular | Jul 06, 2022 | Sep 20, 2022 | Sep 21, 2022 | Sep 30, 2022 |
| $0.0730 M | Regular | Jul 06, 2022 | Aug 19, 2022 | Aug 22, 2022 | Aug 31, 2022 |
| $0.0730 M | Regular | Jul 06, 2022 | Jul 19, 2022 | Jul 20, 2022 | Jul 29, 2022 |
| $0.0730 M | Regular | Apr 05, 2022 | Jun 17, 2022 | Jun 21, 2022 | Jun 30, 2022 |
| $0.0730 M | Regular | Apr 05, 2022 | May 18, 2022 | May 19, 2022 | May 31, 2022 |
| $0.0730 M | Regular | Apr 05, 2022 | Apr 19, 2022 | Apr 20, 2022 | Apr 29, 2022 |
| $0.0730 M | Regular | Jan 06, 2022 | Mar 21, 2022 | Mar 22, 2022 | Mar 31, 2022 |
| $0.0730 M | Regular | Jan 06, 2022 | Feb 16, 2022 | Feb 17, 2022 | Feb 28, 2022 |
| $0.0730 M | Regular | Jan 06, 2022 | Jan 19, 2022 | Jan 20, 2022 | Jan 31, 2022 |
| $0.0780 M | Regular | Sep 10, 2021 | Dec 20, 2021 | Dec 21, 2021 | Dec 31, 2021 |
| $0.0780 M | Regular | Sep 10, 2021 | Nov 17, 2021 | Nov 18, 2021 | Nov 30, 2021 |
| $0.0780 M | Regular | Sep 10, 2021 | Oct 19, 2021 | Oct 20, 2021 | Oct 29, 2021 |
| $0.0780 M | Regular | Jul 08, 2021 | Sep 20, 2021 | Sep 21, 2021 | Sep 30, 2021 |
| $0.0780 M | Regular | Jul 08, 2021 | Aug 19, 2021 | Aug 20, 2021 | Aug 31, 2021 |
| $0.0780 M | Regular | Jul 08, 2021 | Jul 20, 2021 | Jul 21, 2021 | Jul 30, 2021 |
| $0.0780 M | Regular | Apr 05, 2021 | Jun 18, 2021 | Jun 21, 2021 | Jun 30, 2021 |
| $0.0780 M | Regular | Apr 05, 2021 | May 18, 2021 | May 19, 2021 | May 28, 2021 |
| $0.0780 M | Regular | Apr 05, 2021 | Apr 20, 2021 | Apr 21, 2021 | Apr 30, 2021 |
| $0.0780 M | Regular | Jan 05, 2021 | Mar 19, 2021 | Mar 22, 2021 | Mar 31, 2021 |
| $0.0780 M | Regular | Jan 05, 2021 | Feb 16, 2021 | Feb 17, 2021 | Feb 26, 2021 |
| $0.0780 M | Regular | Jan 05, 2021 | Jan 19, 2021 | Jan 20, 2021 | Jan 29, 2021 |
| $0.0820 M | Regular | Sep 17, 2020 | Dec 18, 2020 | Dec 21, 2020 | Dec 31, 2020 |
| $0.0820 M | Regular | Sep 17, 2020 | Nov 16, 2020 | Nov 17, 2020 | Nov 30, 2020 |
| $0.0820 M | Regular | Sep 17, 2020 | Oct 15, 2020 | Oct 16, 2020 | Oct 30, 2020 |
| $0.0820 M | Regular | Jul 02, 2020 | Sep 18, 2020 | Sep 21, 2020 | Sep 30, 2020 |
| $0.0820 M | Regular | Jul 02, 2020 | Aug 13, 2020 | Aug 14, 2020 | Aug 31, 2020 |
| $0.0820 M | Regular | Jul 02, 2020 | Jul 16, 2020 | Jul 17, 2020 | Jul 31, 2020 |
| $0.0820 M | Regular | Mar 30, 2020 | Jun 18, 2020 | Jun 19, 2020 | Jun 30, 2020 |
| $0.0820 M | Regular | Mar 30, 2020 | May 14, 2020 | May 15, 2020 | May 29, 2020 |
| $0.0820 M | Regular | Mar 30, 2020 | Apr 16, 2020 | Apr 17, 2020 | Apr 30, 2020 |
| $0.0820 M | Regular | Jan 02, 2020 | Mar 16, 2020 | Mar 17, 2020 | Mar 31, 2020 |
| $0.0820 M | Regular | Jan 02, 2020 | Feb 14, 2020 | Feb 18, 2020 | Feb 28, 2020 |
| $0.0820 M | Regular | Jan 02, 2020 | Jan 16, 2020 | Jan 17, 2020 | Jan 31, 2020 |
| $0.1568 M | Regular | Sep 27, 2019 | Dec 18, 2019 | Dec 19, 2019 | Dec 31, 2019 |
| $0.0480 M | Regular | Sep 27, 2019 | Nov 14, 2019 | Nov 15, 2019 | Nov 29, 2019 |
| $0.0480 M | Regular | Sep 27, 2019 | Oct 15, 2019 | Oct 16, 2019 | Oct 31, 2019 |
| $0.0480 M | Regular | Jul 19, 2019 | Sep 18, 2019 | Sep 19, 2019 | Sep 30, 2019 |
| $0.0480 I | Regular | Jul 19, 2019 | Aug 14, 2019 | Aug 15, 2019 | Aug 30, 2019 |
| $0.4140 S | Regular | Dec 07, 2018 | Dec 18, 2018 | Dec 19, 2018 | Dec 31, 2018 |
| $0.0566 M | Regular | Jul 02, 2018 | Jul 23, 2018 | Jul 24, 2018 | Aug 01, 2018 |
| $0.0283 M | Regular | May 18, 2018 | Jun 21, 2018 | Jun 22, 2018 | Jul 02, 2018 |
| $0.0283 M | Regular | Apr 20, 2018 | May 23, 2018 | May 24, 2018 | Jun 01, 2018 |
| $0.0283 M | Regular | Mar 16, 2018 | Apr 23, 2018 | Apr 24, 2018 | May 01, 2018 |
| $0.0283 M | Regular | Jan 26, 2018 | Mar 22, 2018 | Mar 23, 2018 | Apr 02, 2018 |
| $0.0283 M | Regular | Jan 26, 2018 | Feb 22, 2018 | Feb 23, 2018 | Mar 01, 2018 |
| $0.0283 M | Regular | Nov 17, 2017 | Jan 23, 2018 | Jan 24, 2018 | Feb 01, 2018 |
| $0.0283 M | Regular | Nov 17, 2017 | Dec 21, 2017 | Dec 22, 2017 | Jan 02, 2018 |
| $0.0283 M | Regular | Oct 20, 2017 | Nov 22, 2017 | Nov 24, 2017 | Dec 01, 2017 |
| $0.0283 M | Regular | Sep 15, 2017 | Oct 23, 2017 | Oct 24, 2017 | Nov 01, 2017 |
| $0.0283 M | Regular | Aug 09, 2017 | Sep 21, 2017 | Sep 22, 2017 | Oct 02, 2017 |
| $0.0283 M | Regular | Aug 09, 2017 | Aug 22, 2017 | Aug 24, 2017 | Sep 01, 2017 |
| $0.0309 M | Regular | Jun 23, 2017 | Jul 20, 2017 | Jul 24, 2017 | Aug 01, 2017 |
| $0.0309 M | Regular | May 22, 2017 | Jun 21, 2017 | Jun 23, 2017 | Jul 03, 2017 |
| $0.0309 M | Regular | Apr 21, 2017 | May 22, 2017 | May 24, 2017 | Jun 01, 2017 |
| $0.0309 M | Regular | Mar 17, 2017 | Apr 20, 2017 | Apr 24, 2017 | May 01, 2017 |
| $0.0309 M | Regular | Jan 27, 2017 | Mar 22, 2017 | Mar 24, 2017 | Apr 03, 2017 |
| $0.0309 M | Regular | Jan 27, 2017 | Feb 21, 2017 | Feb 23, 2017 | Mar 01, 2017 |
| $0.0309 M | Regular | Nov 18, 2016 | Jan 20, 2017 | Jan 24, 2017 | Feb 01, 2017 |
| $0.0309 M | Regular | Nov 18, 2016 | Dec 21, 2016 | Dec 23, 2016 | Jan 03, 2017 |
| $0.0309 M | Regular | Oct 21, 2016 | Nov 21, 2016 | Nov 23, 2016 | Dec 01, 2016 |
| $0.0309 M | Regular | Sep 16, 2016 | Oct 20, 2016 | Oct 24, 2016 | Nov 01, 2016 |
| $0.0309 M | Regular | Aug 08, 2016 | Sep 21, 2016 | Sep 23, 2016 | Oct 03, 2016 |
| $0.0309 M | Regular | Aug 08, 2016 | Aug 22, 2016 | Aug 24, 2016 | Sep 01, 2016 |
| $0.0309 M | Regular | Jun 24, 2016 | Jul 20, 2016 | Jul 22, 2016 | Aug 01, 2016 |
| $0.0309 M | Regular | May 20, 2016 | Jun 22, 2016 | Jun 24, 2016 | Jul 01, 2016 |
| $0.0309 M | Regular | Mar 18, 2016 | May 20, 2016 | May 24, 2016 | Jun 01, 2016 |
| $0.0309 M | Regular | Mar 18, 2016 | Apr 20, 2016 | Apr 22, 2016 | May 02, 2016 |
| $0.0309 M | Regular | Jan 29, 2016 | Mar 22, 2016 | Mar 24, 2016 | Apr 01, 2016 |
| $0.0309 M | Regular | Jan 29, 2016 | Feb 22, 2016 | Feb 24, 2016 | Mar 01, 2016 |
| $0.0309 M | Regular | Nov 20, 2015 | Jan 20, 2016 | Jan 22, 2016 | Feb 01, 2016 |
| $0.0309 M | Regular | Nov 20, 2015 | Dec 22, 2015 | Dec 23, 2015 | Jan 04, 2016 |
| $0.0309 M | Regular | Oct 16, 2015 | Nov 20, 2015 | Nov 24, 2015 | Dec 01, 2015 |
Peer Comparison
Selected closed-end fund distribution payers we cover, strongest DividendRank first — for context, not a recommendation.
| Ticker | Name | Yield | 5-Yr Growth | Streak | Rank |
|---|---|---|---|---|---|
| ENI-UN.TO | Energy Income Fund | 5.02% | 0.0% | 0 yrs | 88 |
| SOR | Source Capital, Inc. | 5.42% | 8.8% | 0 yrs | 87 |
| MXF | The Mexico Fund, Inc. | 6.57% | 16.9% | 4 yrs | 85 |
| FCR-UN.TO | First Capital Real Estate Investment Trust | 4.03% | 0.6% | 1 yr | 84 |
Related Guides & Lists
PCF dividend — frequently asked questions
Does High Income Securities Fund pay a dividend?
Yes. High Income Securities Fund (PCF) currently pays a dividend. The annualized dividend is about $0.70 per share, a yield of approximately 12.70%.
What is High Income Securities Fund's dividend yield?
High Income Securities Fund's dividend yield is approximately 12.70%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.
How often does High Income Securities Fund pay dividends?
High Income Securities Fund pays dividends monthly — 12 times per year.
When is High Income Securities Fund's next ex-dividend date?
The next ex-dividend date on record for High Income Securities Fund is September 22, 2026. The associated payment is $0.0580 per share; you must own the shares before the ex-dividend date to receive it.
How long has High Income Securities Fund paid dividends?
High Income Securities Fund has 39 years of dividend payments on record.
Data updated Sep 14, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.