Principal Real Estate Income Fund (PGZ) to Distribute Monthly Dividend of $0.10 on August 31st

Principal Real Estate Income Fund (NYSE:PGZ) declared a monthly dividend on Wednesday, July 1st. Investors of record on Monday, August 17th will be given a dividend of 0.105 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 12.2%. The ex-dividend date is Monday, August 17th.

Principal Real Estate Income Fund Price Performance

PGZ opened at $10.32 on Friday. The business has a fifty day moving average price of $9.98 and a 200 day moving average price of $10.06. Principal Real Estate Income Fund has a 12 month low of $9.32 and a 12 month high of $10.64.

Institutional Trading of Principal Real Estate Income Fund

A number of large investors have recently made changes to their positions in the company. Baird Financial Group Inc. acquired a new stake in Principal Real Estate Income Fund in the second quarter valued at approximately $123,000. Lido Advisors LLC acquired a new position in Principal Real Estate Income Fund during the 1st quarter worth approximately $119,000. LPL Financial LLC increased its position in shares of Principal Real Estate Income Fund by 37.3% in the 4th quarter. LPL Financial LLC now owns 18,883 shares of the company’s stock valued at $189,000 after purchasing an additional 5,125 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Principal Real Estate Income Fund in the 4th quarter valued at approximately $298,000. Finally, First Trust Advisors LP raised its holdings in shares of Principal Real Estate Income Fund by 3.2% in the 3rd quarter. First Trust Advisors LP now owns 35,828 shares of the company’s stock valued at $375,000 after purchasing an additional 1,118 shares in the last quarter.

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.