Pimco Corporate & Income Strategy Fund Insider William H. Gross Acquires 15,788 Shares (PCN)
Pimco Corporate & Income Strategy Fund (NYSE:PCN) Insider William H. Gross purchased 15,788 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $16.38 per share, with a total value of $258,607.44. Following the completion of the transaction, the insider now directly owns 723,734 shares of the company’s stock, valued at approximately $11,854,763. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Pimco Corporate & Income Strategy Fund (NYSE:PCN) traded up 1.40% during mid-day trading on Thursday, hitting $16.63. 98,637 shares of the company’s stock traded hands. 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 $16.56 and its 200-day moving average is $16.73.
The company also recently declared a monthly dividend, which is scheduled for Tuesday, September 2nd. Shareholders 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 8.22%. 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.
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