Pimco Corporate & Income Strategy Fund Insider William H. Gross Buys 15,788 Shares (PCN)
Pimco Corporate & Income Strategy Fund (NYSE:PCN) Insider William H. Gross bought 15,788 shares of Pimco Corporate & Income Strategy Fund stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average price of $16.38 per share, with a total value of $258,607.44. Following the completion of the purchase, the insider now directly owns 723,734 shares in the company, valued at approximately $11,854,763. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Pimco Corporate & Income Strategy Fund (NYSE:PCN) opened at 16.70 on Monday. Pimco Corporate & Income Strategy Fund has a 52 week low of $15.22 and a 52 week high of $17.26. The stock has a 50-day moving average of $16.54 and a 200-day moving average of $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 8.08%. 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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