Shares of Principal Real Estate Income Fund (NYSE:PGZ – Get Free Report) traded down 0.9% on Thursday . The company traded as low as $9.74 and last traded at $9.79. 18,023 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 22,445 shares. The stock had previously closed at $9.87.
Principal Real Estate Income Fund Stock Down 0.9 %
The company has a fifty day moving average of $10.13 and a 200 day moving average of $9.61.
Principal Real Estate Income Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.105 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 12.88%. The ex-dividend date of this dividend is Wednesday, May 15th.
Hedge Funds Weigh In On Principal Real Estate Income Fund
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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