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

Principal Real Estate Income Fund (NYSE:PGZ) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Thursday, January 14th will be given a dividend of $0.1050 per share on Friday, January 29th. This represents a $1.26 dividend on an annualized basis and a yield of 14.1%. The ex-dividend date is Thursday, January 14th.

Principal Real Estate Income Fund Price Performance

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Riverbridge Partners LLC lifted its holdings in shares of Principal Real Estate Income Fund by 0.9% during the second quarter. Riverbridge Partners LLC now owns 204,139 shares of the company’s stock worth $2,101,000 after purchasing an additional 1,871 shares during the period. Lido Advisors LLC acquired a new stake in shares of Principal Real Estate Income Fund in the 1st quarter worth $119,000. First Trust Advisors LP boosted its holdings in shares of Principal Real Estate Income Fund by 7.5% in the first quarter. First Trust Advisors LP now owns 36,243 shares of the company’s stock valued at $348,000 after acquiring an additional 2,522 shares in the last quarter. NWF Advisory Services Inc. increased its stake in shares of Principal Real Estate Income Fund by 5.5% during the first quarter. NWF Advisory Services Inc. now owns 48,200 shares of the company’s stock worth $463,000 after acquiring an additional 2,500 shares during the period. Finally, Closed End Fund Advisors Inc. purchased a new position in Principal Real Estate Income Fund during the fourth quarter worth about $827,000.

About Principal Real Estate Income Fund

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.