Principal Real Estate Income Fund (PGZ) to Issue Monthly Dividend of $0.11 on July 31st

Principal Real Estate Income Fund (NYSE:PGZ) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Thursday, July 17th will be given a dividend of 0.105 per share on Thursday, July 31st. This represents a $1.26 annualized dividend and a dividend yield of 12.48%. The ex-dividend date of this dividend is Thursday, July 17th.

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

Principal Real Estate Income Fund Trading Down 3.1 %

NYSE PGZ opened at $10.10 on Friday. Principal Real Estate Income Fund has a one year low of $9.46 and a one year high of $11.31. The stock has a 50-day moving average of $10.42 and a 200 day moving average of $10.51.

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.