CBRE Global Real Estate Income Fund (NYSE:IGR) to Issue $0.06 Monthly Dividend

CBRE Global Real Estate Income Fund (NYSE:IGR) announced a monthly dividend on Thursday, July 9th. Stockholders of record on Thursday, August 20th will be paid a dividend of 0.06 per share by the closed-end fund on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 15.6%. The ex-dividend date is Thursday, August 20th.

CBRE Global Real Estate Income Fund Stock Performance

Shares of NYSE:IGR opened at $4.61 on Friday. CBRE Global Real Estate Income Fund has a 12-month low of $4.15 and a 12-month high of $5.28. The business has a 50 day moving average of $4.63 and a 200-day moving average of $4.65.

Institutional Trading of CBRE Global Real Estate Income Fund

Institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new position in CBRE Global Real Estate Income Fund in the 2nd quarter valued at $41,000. PFG Investments LLC bought a new position in CBRE Global Real Estate Income Fund during the 4th quarter worth $44,000. Jump Financial LLC acquired a new stake in shares of CBRE Global Real Estate Income Fund during the fourth quarter worth $44,000. Fifth Third Wealth Advisors LLC acquired a new stake in shares of CBRE Global Real Estate Income Fund during the fourth quarter worth $47,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of CBRE Global Real Estate Income Fund in the fourth quarter valued at about $48,000.

CBRE Global Real Estate Income Fund Company Profile

CBRE Global Real Estate Income Fund Inc (NYSE: IGR) is a closed‐end management investment company that seeks to provide attractive levels of current income and capital appreciation by investing primarily in global real estate securities. Managed by CBRE Investment Management, the fund’s portfolio is composed of publicly traded real estate investment trusts (REITs), real estate operating companies and other real estate‐related equity securities across developed and emerging markets.

The fund employs a research‐driven, bottom‐up investment approach, leveraging CBRE’s global platform and market intelligence to identify opportunities in diverse property sectors, including office, retail, industrial, residential and hospitality.