Insider Buying: Pimco Corporate & Income Strategy Fund Insider Purchases 12,700 Shares of Stock (PCN)
Pimco Corporate & Income Strategy Fund (NYSE:PCN) Insider William H. Gross bought 12,700 shares of the stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average price of $16.65 per share, for a total transaction of $211,455.00. Following the transaction, the insider now directly owns 723,734 shares in the company, valued at approximately $12,050,171. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Pimco Corporate & Income Strategy Fund (NYSE:PCN) traded down 0.42% on Friday, hitting $16.71. 10,561 shares of the company’s stock traded hands. Pimco Corporate & Income Strategy Fund has a 1-year low of $15.69 and a 1-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 declared a monthly dividend, which is scheduled for Tuesday, September 2nd. Investors 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 8.06%. 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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