Principal Real Estate Income Fund to Issue 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 dividend on an annualized basis and a yield of 12.37%. The ex-dividend date is Monday, September 16th.

Principal Real Estate Income Fund Stock Performance

NYSE:PGZ traded up $0.02 during mid-day trading on Tuesday, reaching $10.19. The stock had a trading volume of 21,500 shares, compared to its average volume of 21,036. The stock has a 50-day simple moving average of $10.05 and a two-hundred day simple moving average of $9.96. Principal Real Estate Income Fund has a 12 month low of $8.46 and a 12 month high of $10.59.

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.