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

Principal Real Estate Income Fund (NYSE:PGZ) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Friday, November 13th will be given a dividend of $0.1050 per share on Monday, November 30th. This represents a $1.26 annualized dividend and a dividend yield of 14.1%. The ex-dividend date is Friday, November 13th.

Principal Real Estate Income Fund Trading Up 0.2%

Principal Real Estate Income Fund stock traded up $0.01 during midday trading on Friday, hitting $8.93. The stock had a trading volume of 1,383 shares, compared to its average volume of 24,295. The firm’s fifty day moving average is $9.78 and its two-hundred day 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.