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

Principal Real Estate Income Fund (NYSE:PGZ) announced a dividend on Tuesday, May 13th, investing.com reports. Shareholders of record on Friday, May 16th will be paid a dividend of 0.105 per share on Friday, May 30th. This represents a yield of 12.22%. The ex-dividend date of this dividend is Thursday, May 15th.

Principal Real Estate Income Fund has increased its dividend payment by an average of 6.7% annually over the last three years.

Principal Real Estate Income Fund Price Performance

Shares of NYSE:PGZ traded up $0.02 on Tuesday, reaching $10.33. 2,950 shares of the company traded hands, compared to its average volume of 28,443. Principal Real Estate Income Fund has a fifty-two week low of $9.24 and a fifty-two week high of $11.31. The company’s 50 day moving average is $10.27 and its 200-day moving average is $10.34.

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.