Principal Real Estate Income Fund (NYSE:PGZ – Get Free Report) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors of record on Thursday, July 17th will be paid a dividend of 0.105 per share on Thursday, July 31st. This represents a $1.26 annualized dividend and a dividend yield of 11.92%. The ex-dividend date is Thursday, July 17th.
Principal Real Estate Income Fund has raised its dividend by an average of 6.7% annually over the last three years.
Principal Real Estate Income Fund Stock Performance
Shares of PGZ stock opened at $10.57 on Thursday. Principal Real Estate Income Fund has a 12-month low of $9.46 and a 12-month high of $11.31. The firm has a 50 day moving average price of $10.41 and a two-hundred day moving average price of $10.52.
About Principal Real Estate Income Fund
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.
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