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

Principal Real Estate Income Fund (NYSE:PGZ) declared a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Stockholders of record on Thursday, February 13th will be given a dividend of 0.105 per share on Friday, February 28th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 12.16%. The ex-dividend date of this dividend is Thursday, February 13th.

Principal Real Estate Income Fund has raised its dividend by an average of 7.8% per year over the last three years.

Principal Real Estate Income Fund Price Performance

Shares of NYSE PGZ opened at $10.37 on Tuesday. Principal Real Estate Income Fund has a 52-week low of $9.46 and a 52-week high of $11.31. The business’s 50 day moving average is $10.20 and its two-hundred day moving average is $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.