Principal Real Estate Income Fund (NYSE:PGZ – Get Free Report) announced a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.105 per share on Wednesday, April 30th. This represents a $1.26 annualized dividend and a dividend yield of 12.59%. The ex-dividend date of this dividend is Tuesday, April 15th.
Principal Real Estate Income Fund has raised its dividend by an average of 8.1% annually over the last three years.
Principal Real Estate Income Fund Stock Performance
Shares of NYSE:PGZ traded up $0.10 during midday trading on Friday, hitting $10.01. 36,656 shares of the company’s stock traded hands, compared to its average volume of 43,878. The firm’s fifty day moving average price is $10.46 and its two-hundred day moving average price is $10.61. Principal Real Estate Income Fund has a twelve month low of $9.40 and a twelve month high of $11.31.
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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