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

Principal Real Estate Income Fund (NYSE:PGZ) announced a monthly dividend on Wednesday, October 2nd,Wall Street Journal reports. Investors of record on Monday, December 16th will be paid a dividend of 0.105 per share on Tuesday, December 31st. This represents a $1.26 dividend on an annualized basis and a yield of 11.94%. The ex-dividend date is Monday, December 16th.

Principal Real Estate Income Fund Stock Down 0.1 %

PGZ opened at $10.55 on Friday. The company has a fifty day moving average of $10.72 and a two-hundred day moving average of $10.63. Principal Real Estate Income Fund has a fifty-two week low of $9.21 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.