Principal Real Estate Income Fund (NYSE:PGZ – Get Free Report) declared a monthly dividend on Tuesday, March 31st. Stockholders of record on Thursday, May 14th will be paid a dividend of 0.105 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 12.5%. The ex-dividend date is Thursday, May 14th.
Principal Real Estate Income Fund Price Performance
NYSE PGZ opened at $10.09 on Tuesday. The business has a fifty day moving average price of $10.06 and a 200 day moving average price of $10.14. Principal Real Estate Income Fund has a one year low of $9.32 and a one year high of $10.64.
About Principal Real Estate Income Fund
Principal Real Estate Income Fund Inc (NYSE: PGZ) is a diversified, closed-end management investment company that seeks a high level of current income and capital appreciation through investments in real estate securities. Launched in 2015 and managed by Principal Real Estate Investors, LLC, the fund primarily targets publicly traded equity and mortgage real estate investment trusts (REITs), as well as real estate operating companies. It offers investors access to a broad real estate portfolio that may include residential, office, industrial, retail and specialty property sectors.
The fund’s investment approach emphasizes a balance between income generation and total return potential.
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