NYSE · Asset Management · USD

High Income Securities Fund (PCF) Stock Analysis

High Income Securities Fund (PCF) is a Asset Management stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

PCF

$4.95

−$0.02 (−0.40%)

Oct 21, 2026 · Market close

Compare

Price History

Hover for the daily close. The dotted line marks the period open.

Compare PCF with… →

PCF Key Statistics

As of Oct 21, 2026

Trading

Open: $4.97
Previous Close: $4.97
Day's Range: 4.94–4.99
52-Week Range: 4.94–6.31
Volume: 114.91K
Beta: 0.62

Valuation

Market Cap: $92.65M
P/E Ratio: 23.57
P/S ratio: 14.27
EPS (ttm): 0.21

Financials (FY)

Revenue (FY): $12.70M−33.60%
Net Income (FY): $11.38M−37.16%
Profit margin: 63.19%
Shares Outstanding: 18.72M
1-Year Return: −12.00%

Dividend and dates

Dividend: $0.70+14.00%
Ex-Dividend Date: November 17, 2026
Avg Volume: 100.39K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, PCF closed at $4.95, −12.00% over 1 year.

High Income Securities Fund (PCF) has a market capitalization of $92.65M.

In fiscal 2025, PCF reported revenue of $12.70M.

PCF Stock Return by Calendar Year

High Income Securities Fund (PCF) 10-year return: what $10,000 became

1 year: $10,000 $8,800; −12.00%
5 years: $10,000 $9,695; −3.05%
10 years: $10,000 $15,540; +55.40%

If you had invested $10,000 in High Income Securities Fund (PCF) 10 years ago, at the close on October 21, 2016, it would have been worth $15,540 at the close on October 21, 2026: +55.40% in total, +4.51% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+14.57%−15.56%−12.69%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−12.69%
2025	+5.25%
2024	+13.77%
2023	+10.37%
2022	−15.56%
2021	+11.44%
2020	+8.14%
2019	+4.22%
2018	+5.43%
2017	+14.57%
2016 (partial year)	+4.91%

As of October 21, 2026.

PCF Revenue and Earnings by Fiscal Year

FY ends August

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$12.70M	$11.38M	89.6%
2024	$19.13M	$18.12M	94.7%
2023	$6.76M	$5.90M	87.2%
2022	−$2.04M	−$3.11M	152.5%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$12.70M	—	—	$11.38M	89.6%
2024	$19.13M	—	—	$18.12M	94.7%
2023	$6.76M	—	—	$5.90M	87.2%
2022	−$2.04M	—	—	−$3.11M	152.5%

Annual figures as reported, in the company's reporting currency. As of August 31, 2025.

PCF Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

$0.71−4.8% vs 2024

Dividends per share, 2025 · 12 payments

Year	Dividends per share	Payments	Change
2026*	$0.52	9	—
2025	$0.71	12	−4.8%
2024	$0.74	12	+3.3%
2023	$0.72	12	−17.8%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.52	9	—
2025	$0.71	12	−4.8%
2024	$0.74	12	+3.3%
2023	$0.72	12	−17.8%
2022	$0.88	12	−6.4%
2021	$0.94	12	−4.9%
2020	$0.98	12	+234.7%
2019	$0.29	5	−51.8%
2018	$0.61	8	+70.9%
2017	$0.36	12	+475.8%
2016	$0.06	2	—

Most recent payment: $0.06 per share, ex-dividend August 18, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

PCF Valuation vs Asset Management Median

Median of 512 stocks

Metric	PCF	Asset Management median	vs median
P/E	23.57	9.44	150% above
P/S ratio	14.27	8.59	66% above
Profit margin	63.19%	74.97%	11.8 pts below

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

High Income Securities Fund (PCF) carries a market capitalisation of $92.65M. It is classified in the Asset Management industry, within the Financial Services sector.

The 52-week range on file runs from $4.94 to $6.31. PCF last closed at $4.95 on October 21, 2026. That is −$0.02 (−0.40%) against the previous close. The latest close sits 0.2% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $12.70M. Against the prior fiscal year total of $19.13M, that is a change of −33.60%. The same year closed with net income of $11.38M. That is −37.16% against the prior fiscal year. The reported profit margin is 63.19%. That is 11.8 percentage points below the Asset Management median of 74.97%. Trailing earnings per share are 0.21.

Across the 4 fiscal years on file, revenue moves from −$2.04M in 2022 to $12.70M in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

PCF trades at a trailing price-to-earnings ratio of 23.57. That is 149.68% above the Asset Management median of 9.44. The price-to-sales ratio is 14.27. On price-to-sales that is 66.09% above the Asset Management median of 8.59. 512 Asset Management companies report these metrics, and the medians quoted come from that group.

The trailing one-year total return is −12.00%. Across 10 years the annualized return works out at +4.51%. The reported beta is 0.62. Annualized volatility over the trailing 10 years is 17.61%.

Growth & Income

The trailing dividend yield is 14%. That is 5.1 percentage points above the Asset Management median yield of 8.91%. At the indicated rate that is $0.70 a share a year. The ex-dividend date on file is November 17, 2026. Dividends are recorded for 11 calendar years; 2026 shows 9 payments totalling $0.52 a share. The year before, 2025, totalled $0.71 a share.

So far in 2026 the total return is −12.69%. Across the complete calendar years on file, 2017 returned +14.57% and 2022 returned −15.56%. Of the 9 complete calendar years on file, 8 finished higher.

Peer Comparison

High Income Securities Fund (PCF) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
High Income Securities Fund	PCF	$92.65M	23.6
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5

The Asset Management industry average P/E ratio is 9.4x. High Income Securities Fund trades at a P/E of 23.6.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

Related Asset Management Stocks

BLK

BlackRock, Inc.

$184.31B

Blackstone Inc.

$127.43B

Brookfield Corporation

$83.74B

KKR

KKR & Co. Inc.

$83.00B

BAM

Brookfield Asset Management Ltd.

$73.36B

APO

Apollo Global Management, Inc.

$65.96B

View all Asset Management stocks →

Popular Financial Services Stocks

BRK-B

Berkshire Hathaway Inc.

$1.11T

JPM

JPMorgan Chase & Co.

$890.13B

Visa Inc.

$765.68B

Mastercard Incorporated

$545.42B

BAC

Bank of America Corporation

$358.24B

View all Financial Services stocks →

About High Income Securities Fund

High Income Securities Fund is a closed-ended balanced income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in both convertible bonds and convertible preferred stocks. The fund benchmarks the performance of its portfolio against a composite index comprising of 50% JPMorgan Developed High Yield Index and 50% BofA Merrill Lynch AllConvertibles Speculative Quality Index. The fund was formerly known as Putnam High Income Securities Fund High Income Securities Fund was formed on July 9, 1987 and is domiciled in the United States.

Visit website →