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

Principal Real Estate Income Fund (NYSE:PGZGet Free Report) announced a monthly dividend on Tuesday, January 2nd, NASDAQ reports. Investors of record on Wednesday, February 14th will be given a dividend of 0.105 per share on Thursday, February 29th. This represents a $1.26 dividend on an annualized basis and a yield of 12.39%. The ex-dividend date is Tuesday, February 13th.

Principal Real Estate Income Fund Price Performance

Principal Real Estate Income Fund stock opened at $10.17 on Monday. Principal Real Estate Income Fund has a 1-year low of $8.46 and a 1-year high of $11.60. The company’s 50-day moving average is $9.57 and its 200 day moving average is $9.33.

Institutional Trading of Principal Real Estate Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Saba Capital Management L.P. raised its position in Principal Real Estate Income Fund by 17.2% in the 1st quarter. Saba Capital Management L.P. now owns 429,802 shares of the company’s stock worth $6,756,000 after purchasing an additional 63,082 shares during the period. Osaic Holdings Inc. increased its position in shares of Principal Real Estate Income Fund by 117.3% during the second quarter. Osaic Holdings Inc. now owns 128,854 shares of the company’s stock worth $1,219,000 after acquiring an additional 69,559 shares during the period. Royal Bank of Canada increased its position in shares of Principal Real Estate Income Fund by 4.9% during the third quarter. Royal Bank of Canada now owns 91,203 shares of the company’s stock worth $1,007,000 after acquiring an additional 4,263 shares during the period. Advisor Group Holdings Inc. increased its position in shares of Principal Real Estate Income Fund by 2.0% during the fourth quarter. Advisor Group Holdings Inc. now owns 53,771 shares of the company’s stock worth $557,000 after acquiring an additional 1,067 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Principal Real Estate Income Fund by 98.8% during the second quarter. Wells Fargo & Company MN now owns 50,494 shares of the company’s stock worth $478,000 after acquiring an additional 25,099 shares during the period.

Principal Real Estate Income Fund Company Profile

(Get Free Report)

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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Dividend History for Principal Real Estate Income Fund (NYSE:PGZ)

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