Principal Real Estate Income Fund to Issue Monthly Dividend of $0.11 (NYSE:PGZ)

Principal Real Estate Income Fund (NYSE:PGZ) announced a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Shareholders of record on Thursday, July 17th will be given a dividend of 0.105 per share on Thursday, July 31st. This represents a $1.26 dividend on an annualized basis and a yield of 11.92%. The ex-dividend date of this dividend is Thursday, July 17th.

Principal Real Estate Income Fund has raised its dividend payment by an average of 6.7% per year over the last three years.

Principal Real Estate Income Fund Stock Up 0.2 %

Shares of Principal Real Estate Income Fund stock traded up $0.02 during trading on Wednesday, hitting $10.57. 17,526 shares of the stock were exchanged, compared to its average volume of 27,444. The stock’s fifty day moving average is $10.41 and its 200 day moving average is $10.52. Principal Real Estate Income Fund has a 12 month low of $9.46 and a 12 month high of $11.31.

Principal Real Estate Income Fund Company Profile

Principal Real Estate Income Fund is a closed ended balanced mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Principal Real Estate Investors, LLC. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in commercial mortgage backed securities, real estate investment trusts and REIT-like entities.