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

Principal Real Estate Income Fund (NYSE:PGZ) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Investors of record on Tuesday, April 15th will be paid 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 increased its dividend payment by an average of 8.1% per year over the last three years.

Principal Real Estate Income Fund Trading Up 1.0 %

Shares of Principal Real Estate Income Fund stock traded up $0.10 during trading hours on Friday, reaching $10.01. 36,656 shares of the company’s stock were exchanged, compared to its average volume of 43,878. Principal Real Estate Income Fund has a 52-week low of $9.40 and a 52-week high of $11.31. The company has a fifty day moving average of $10.46 and a 200-day moving average of $10.61.

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.