Principal Real Estate Income Fund (NYSE:PGZ – Get Free Report) dropped 0.4% during mid-day trading on Wednesday . The stock traded as low as $10.50 and last traded at $10.50. Approximately 18,537 shares changed hands during trading, a decline of 12% from the average daily volume of 21,111 shares. The stock had previously closed at $10.54.
Principal Real Estate Income Fund Stock Down 0.6 %
The business’s 50 day moving average is $10.21 and its 200-day moving average is $10.09.
Principal Real Estate Income Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.26 annualized dividend and a dividend yield of 12.06%.
Hedge Funds Weigh In On Principal Real Estate Income Fund
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.
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