Principal Real Estate Income Fund (NYSE:PGZ – Get Free Report) declared a monthly dividend on Wednesday, July 1st. Investors of record on Friday, October 16th will be paid a dividend of 0.105 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 12.2%. The ex-dividend date is Friday, October 16th.
Principal Real Estate Income Fund Stock Performance
Shares of PGZ opened at $10.32 on Thursday. The company’s fifty day moving average is $9.97 and its 200 day moving average is $10.06. Principal Real Estate Income Fund has a fifty-two week low of $9.32 and a fifty-two week 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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