Principal Real Estate Income Fund (NYSE:PGZ) Announces $0.11 Monthly Dividend

Principal Real Estate Income Fund (NYSE:PGZ) announced a monthly dividend on Wednesday, April 1st. Stockholders of record on Monday, June 15th will be given a dividend of 0.105 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 12.4%. The ex-dividend date of this dividend is Monday, June 15th.

Principal Real Estate Income Fund Stock Performance

Shares of NYSE PGZ remained flat at $10.15 during mid-day trading on Friday. 41,370 shares of the stock traded hands, compared to its average volume of 27,133. The firm’s fifty day moving average price is $10.01 and its two-hundred day moving average price is $10.06. Principal Real Estate Income Fund has a 12 month low of $9.32 and a 12 month high of $10.64.

Principal Real Estate Income Fund Company Profile

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.