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

Principal Real Estate Income Fund (NYSE:PGZ) announced a monthly dividend on Wednesday, October 2nd, Wall Street Journal reports. Investors of record on Monday, December 16th will be paid a dividend of 0.105 per share on Tuesday, December 31st. This represents a $1.26 annualized dividend and a dividend yield of 11.34%. The ex-dividend date is Monday, December 16th.

Principal Real Estate Income Fund Stock Down 0.7 %

PGZ stock traded down $0.08 during trading on Wednesday, reaching $11.11. 26,466 shares of the stock were exchanged, compared to its average volume of 23,435. Principal Real Estate Income Fund has a twelve month low of $8.46 and a twelve month high of $11.31. The firm’s 50 day moving average is $10.85 and its 200 day moving average is $10.39.

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.