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

Principal Real Estate Income Fund (NYSE:PGZ) announced a monthly dividend on Wednesday, July 3rd, Wall Street Journal reports. Investors of record on Monday, September 16th will be given a dividend of 0.105 per share on Monday, September 30th. This represents a $1.26 dividend on an annualized basis and a yield of 12.29%. The ex-dividend date of this dividend is Monday, September 16th.

Principal Real Estate Income Fund Trading Up 0.6 %

PGZ stock traded up $0.06 during midday trading on Wednesday, reaching $10.25. 774 shares of the company’s stock traded hands, compared to its average volume of 20,876. The company has a 50-day simple moving average of $10.06 and a two-hundred day simple moving average of $9.97. Principal Real Estate Income Fund has a 1-year low of $8.46 and a 1-year high of $10.59.

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.