Pimco Corporate & Income Strategy Fund Insider William H. Gross Acquires 47,712 Shares (PCN)
Pimco Corporate & Income Strategy Fund (NYSE:PCN) Insider William H. Gross acquired 47,712 shares of Pimco Corporate & Income Strategy Fund stock in a transaction dated Monday, August 11th. The stock was purchased at an average price of $16.36 per share, with a total value of $780,568.32. Following the transaction, the insider now directly owns 723,734 shares of the company’s stock, valued at approximately $11,840,288. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Pimco Corporate & Income Strategy Fund (NYSE:PCN) traded down 0.31% during mid-day trading on Tuesday, hitting $16.33. The stock had a trading volume of 40,674 shares. Pimco Corporate & Income Strategy Fund has a 1-year low of $15.22 and a 1-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 announced a monthly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be paid a dividend of $0.1125 per share. This represents a $1.35 annualized dividend and a dividend yield of 8.25%. The ex-dividend date 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.
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