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

Principal Real Estate Income Fund (NYSE:PGZ) declared a monthly dividend on Wednesday, July 3rd, Wall Street Journal reports. Shareholders of record on Thursday, October 17th will be paid a dividend of 0.105 per share on Thursday, October 31st. This represents a $1.26 annualized dividend and a dividend yield of 12.33%. The ex-dividend date of this dividend is Thursday, October 17th.

Principal Real Estate Income Fund Stock Performance

PGZ opened at $10.22 on Thursday. The business has a fifty day moving average of $10.07 and a 200 day moving average of $9.97. Principal Real Estate Income Fund has a 52-week low of $8.46 and a 52-week high of $10.59.

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.