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, July 3rd, Wall Street Journal reports. Stockholders of record on Thursday, October 17th will be given a dividend of 0.105 per share on Thursday, October 31st. This represents a $1.26 dividend on an annualized basis and a dividend yield of 12.33%. The ex-dividend date of this dividend is Thursday, October 17th.

Principal Real Estate Income Fund Stock Up 0.2 %

Shares of Principal Real Estate Income Fund stock opened at $10.22 on Thursday. Principal Real Estate Income Fund has a one year low of $8.46 and a one year high of $10.59. The business’s 50 day simple moving average is $10.07 and its two-hundred day simple moving average is $9.97.

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.