Principal Real Estate Income Fund (NYSE:PGZ – Get Free Report) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Friday, November 13th will be paid a dividend of $0.1050 per share on Monday, November 30th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 13.8%. The ex-dividend date of this dividend is Friday, November 13th.
Principal Real Estate Income Fund Price Performance
Shares of NYSE PGZ opened at $9.12 on Friday. Principal Real Estate Income Fund has a 12-month low of $8.78 and a 12-month high of $10.58. The stock’s 50 day simple moving average is $9.76 and its 200 day simple moving average is $9.93.
About Principal Real Estate Income Fund
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.
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