Principal Real Estate Income Fund (NYSE:PGZ – Get Free Report) announced a monthly dividend on Monday, January 6th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 12.63%. The ex-dividend date of this dividend is Tuesday, April 15th.
Principal Real Estate Income Fund has increased its dividend by an average of 8.1% annually over the last three years.
Principal Real Estate Income Fund Stock Performance
Shares of Principal Real Estate Income Fund stock opened at $9.98 on Wednesday. Principal Real Estate Income Fund has a twelve month low of $9.44 and a twelve month high of $11.31. The business has a 50-day moving average price of $10.42 and a 200-day moving average price of $10.62.
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.
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