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

Principal Real Estate Income Fund (NYSE:PGZ) declared a monthly dividend on Wednesday, July 1st. Investors of record on Wednesday, September 16th will be given a dividend of 0.105 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 12.2%. The ex-dividend date of this dividend is Wednesday, September 16th.

Principal Real Estate Income Fund Stock Performance

NYSE:PGZ opened at $10.29 on Thursday. The firm’s fifty day simple moving average is $9.97 and its 200 day simple moving average is $10.06. Principal Real Estate Income Fund has a twelve month low of $9.32 and a twelve 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.