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. Shareholders 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 Price Performance

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

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.