Principal Real Estate Income Fund (NYSE:PGZ) Shareholders to Collect $0.10 Monthly Dividend

Principal Real Estate Income Fund (NYSE:PGZ) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Wednesday, December 16th will be given a dividend of $0.1050 per share on Thursday, December 31st. This represents a $1.26 annualized dividend and a dividend yield of 14.1%. The ex-dividend date is Wednesday, December 16th.

Principal Real Estate Income Fund Stock Performance

PGZ traded up $0.01 on Friday, reaching $8.94. 1,386 shares of the company’s stock were exchanged, compared to its average volume of 24,174. Principal Real Estate Income Fund has a twelve month low of $8.78 and a twelve month high of $10.58. The stock’s fifty day moving average price is $9.78 and its 200-day moving average price is $9.94.

Principal Real Estate Income Fund Company Profile

Principal Real Estate Income Fund (NYSE: PGZ) is a closed-end investment company that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The fund is managed by Principal Real Estate Investors, a global real estate investment management business affiliated with Principal Financial Group.

The fund invests primarily in real estate-related debt and equity securities. Its portfolio may include commercial real estate loans, mortgage-backed securities, commercial mortgage-backed securities, preferred and common stocks of real estate companies, and other securities connected to the real estate industry.