Pimco Corporate & Income Strategy Fund Insider William H. Gross Buys 12,860 Shares (PCN)
Pimco Corporate & Income Strategy Fund (NYSE:PCN) Insider William H. Gross acquired 12,860 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was purchased at an average cost of $16.63 per share, with a total value of $213,861.80. Following the completion of the purchase, the insider now directly owns 723,734 shares of the company’s stock, valued at approximately $12,035,696. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Pimco Corporate & Income Strategy Fund (NYSE:PCN) traded down 0.84% during mid-day trading on Monday, hitting $16.56. 121,771 shares of the company’s stock traded hands. 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 $16.52 and its 200-day moving average is $16.73.
The company also recently declared a monthly dividend, which is scheduled for Tuesday, September 2nd. Stockholders 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 8.08%. 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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