Insider Buying: Pimco Corporate & Income Strategy Fund Insider Buys 32,472 Shares of Stock (PCN)
Pimco Corporate & Income Strategy Fund (NYSE:PCN) Insider William H. Gross purchased 32,472 shares of the stock in a transaction dated Friday, August 8th. The shares were purchased at an average cost of $16.24 per share, for a total transaction of $527,345.28. Following the transaction, the insider now directly owns 723,734 shares of the company’s stock, valued at approximately $11,753,440. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Pimco Corporate & Income Strategy Fund (NYSE:PCN) traded up 0.74% during mid-day trading on Monday, hitting $16.38. The stock had a trading volume of 115,623 shares. Pimco Corporate & Income Strategy Fund has a one year low of $15.22 and a one year high of $17.26. The stock’s 50-day moving average is $16.6 and its 200-day moving average is $16.73.
The company also recently declared a monthly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Monday, August 11th will be given a dividend of $0.1125 per share. This represents a $1.35 dividend on an annualized basis and a yield of 8.25%. The ex-dividend date of this dividend is Thursday, August 7th.
PIMCO Corporate & Income Strategy Fund (NYSE:PCN), formerly PIMCO Corporate Income Fund, is a closed-end exchange traded management investment company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.