Principal Real Estate Income Fund (NYSE:PGZ) Shares Will Pay Monthly Dividend of $0.10

Principal Real Estate Income Fund (NYSE:PGZ) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Wednesday, December 16th will be given a dividend of $0.1050 per share on Thursday, December 31st. This represents a $1.26 dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date of this dividend is Wednesday, December 16th.

Principal Real Estate Income Fund Stock Performance

Principal Real Estate Income Fund stock traded up $0.01 during trading on Friday, reaching $8.93. 1,383 shares of the company were exchanged, compared to its average volume of 24,295. The stock’s 50 day simple moving average is $9.78 and its two-hundred day simple moving average is $9.94. Principal Real Estate Income Fund has a 52-week low of $8.78 and a 52-week high of $10.60.

Principal Real Estate Income Fund Company Profile

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.