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

Principal Real Estate Income Fund (NYSE:PGZ) declared a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Shareholders of record on Thursday, July 17th will be given a dividend of 0.105 per share on Thursday, July 31st. This represents a $1.26 dividend on an annualized basis and a yield of 11.92%. The ex-dividend date of this dividend is Thursday, July 17th.

Principal Real Estate Income Fund has raised its dividend by an average of 6.7% annually over the last three years.

Principal Real Estate Income Fund Stock Up 0.2 %

Shares of NYSE:PGZ traded up $0.02 on Wednesday, reaching $10.57. 17,526 shares of the company’s stock were exchanged, compared to its average volume of 27,444. The business’s 50-day moving average is $10.41 and its two-hundred day moving average is $10.52. Principal Real Estate Income Fund has a fifty-two week low of $9.46 and a fifty-two week 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.