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

Principal Real Estate Income Fund (NYSE:PGZ) declared a monthly dividend on Tuesday, July 2nd, Wall Street Journal reports. Investors of record on Monday, September 16th will be paid a dividend of 0.105 per share on Monday, September 30th. This represents a $1.26 annualized dividend and a yield of 11.25%. The ex-dividend date of this dividend is Monday, September 16th.

Principal Real Estate Income Fund Stock Performance

Shares of PGZ opened at $11.20 on Friday. The business has a 50-day moving average of $10.69 and a 200-day moving average of $10.31. Principal Real Estate Income Fund has a 1 year low of $8.46 and a 1 year high of $11.21.

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.