News stories about Principal Real Estate Income Fund (NYSE:PGZ) have been trending positive on Sunday, according to Accern. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Principal Real Estate Income Fund earned a daily sentiment score of 0.34 on Accern’s scale. Accern also gave news headlines about the company an impact score of 48.5554072096128 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Principal Real Estate Income Fund traded down $0.02, hitting $18.08, during trading on Friday, MarketBeat reports. 15,940 shares of the company traded hands, compared to its average volume of 23,329. Principal Real Estate Income Fund has a one year low of $16.21 and a one year high of $19.52.
The business also recently announced a monthly dividend, which will be paid on Friday, August 31st. Stockholders of record on Friday, August 17th will be issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 7.30%. The ex-dividend date of this dividend is Thursday, August 16th.
About Principal Real Estate Income Fund
Principal Real Estate Income Fund is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek to provide high current income, with capital appreciation as a secondary investment objective, by investing in commercial real estate related securities. It will invest approximately 80% of its total assets in commercial real estate-related securities, primarily consisting of commercial mortgage backed securities (CMBS) and other United States and non-United States real estate-related securities (primarily real estate investment trusts (REITs) or REIT-like entities).
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