Putnam High Income Bond Fund (NYSE:PCF) announced a monthly dividend on Monday, September 18th, Wall Street Journal reports. Shareholders of record on Tuesday, October 24th will be given a dividend of 0.0283 per share by the financial services provider on Wednesday, November 1st. This represents a $0.34 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Monday, October 23rd.
Putnam High Income Bond Fund has decreased its dividend by an average of 7.5% annually over the last three years.
Putnam High Income Bond Fund (NYSE PCF) traded up 0.80% during midday trading on Monday, reaching $8.85. 67,518 shares of the company’s stock were exchanged. Putnam High Income Bond Fund has a 12-month low of $7.60 and a 12-month high of $8.99. The stock’s 50-day moving average is $8.78 and its 200-day moving average is $8.75.
In related news, major shareholder Bulldog Investors, Llc purchased 8,908 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was acquired at an average price of $8.75 per share, with a total value of $77,945.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders acquired 69,383 shares of company stock valued at $604,109.
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Putnam High Income Bond 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.
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