Pimco Corporate & Income Strategy Fund Insider Acquires $593,740 in Stock (PCN)
Pimco Corporate & Income Strategy Fund (NYSE:PCN) Insider William H. Gross purchased 35,426 shares of Pimco Corporate & Income Strategy Fund stock in a transaction dated Friday, August 22nd. The stock was purchased at an average cost of $16.76 per share, with a total value of $593,739.76. Following the purchase, the insider now directly owns 723,734 shares of the company’s stock, valued at approximately $12,129,782. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Pimco Corporate & Income Strategy Fund (NYSE:PCN) traded up 0.36% during mid-day trading on Monday, hitting $16.84. The stock had a trading volume of 89,691 shares. Pimco Corporate & Income Strategy Fund has a one year low of $15.69 and a one year high of $17.26. The stock’s 50-day moving average is $16.51 and its 200-day moving average is $16.73.
The company also recently announced a monthly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be paid a dividend of $0.1125 per share. This represents a $1.35 dividend on an annualized basis and a yield of 8.05%. 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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