Insider Buying: William H. Gross Purchases 51,478 Shares of Pimco CA Municipal Income Fund Stock (PCQ)
Pimco CA Municipal Income Fund (NYSE:PCQ) Insider William H. Gross purchased 51,478 shares of the stock on the open market in a transaction dated Friday, August 8th. The stock was purchased at an average cost of $14.47 per share, with a total value of $744,886.66. Following the completion of the acquisition, the insider now directly owns 442,981 shares in the company, valued at approximately $6,409,935. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Pimco CA Municipal Income Fund (NYSE:PCQ) traded down 0.55% during mid-day trading on Monday, hitting $14.41. 28,085 shares of the company’s stock traded hands. Pimco CA Municipal Income Fund has a 52-week low of $12.33 and a 52-week high of $14.82. The stock’s 50-day moving average is $14.30 and its 200-day moving average is $14.15.
The company also recently announced a monthly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be paid a dividend of $0.077 per share. This represents a $0.92 annualized dividend and a dividend yield of 6.41%. The ex-dividend date is Thursday, August 7th.
PIMCO California Municipal Income Fund (NYSE:PCQ) is a non-diversified, closed-end management investment company.
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