Pimco Corporate & Income Strategy Fund Insider Acquires $213,862 in Stock (PCN)
Pimco Corporate & Income Strategy Fund (NYSE:PCN) Insider William H. Gross purchased 12,860 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was purchased at an average price of $16.63 per share, with a total value of $213,861.80. Following the transaction, the insider now directly owns 723,734 shares of the company’s stock, valued at approximately $12,035,696. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Pimco Corporate & Income Strategy Fund (NYSE:PCN) traded up 0.54% on Wednesday, hitting $16.75. 31,116 shares of the company’s stock traded hands. Pimco Corporate & Income Strategy Fund has a 52-week low of $15.35 and a 52-week 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 announced a monthly dividend, which is scheduled for Tuesday, September 2nd. Stockholders 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 8.10%. 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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