Pimco Corporate & Income Strategy Fund Insider Buys $787,215 in Stock (PCN)
Pimco Corporate & Income Strategy Fund (NYSE:PCN) Insider William H. Gross bought 47,026 shares of the company’s stock on the open market in a transaction dated Wednesday, August 20th. The shares were purchased at an average price of $16.74 per share, with a total value of $787,215.24. Following the completion of the acquisition, the insider now directly owns 723,734 shares in the company, valued at approximately $12,115,307. The acquisition 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 up 0.18% on Thursday, hitting $16.78. The stock had a trading volume of 97,149 shares. Pimco Corporate & Income Strategy Fund has a one year low of $15.56 and a one year high of $17.26. The stock has a 50-day moving average of $16.51 and a 200-day moving average of $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 8.06%. 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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