Principal Real Estate Income Fund (NYSE:PGZ) announced a monthly dividend on Monday, November 5th, Wall Street Journal reports. Investors of record on Tuesday, December 18th will be given a dividend of 0.11 per share on Monday, December 31st. This represents a $1.32 annualized dividend and a yield of 7.68%. The ex-dividend date is Monday, December 17th.
Principal Real Estate Income Fund has decreased its dividend payment by an average of 0.8% per year over the last three years.
NYSE PGZ traded up $0.13 during mid-day trading on Monday, hitting $17.19. The company’s stock had a trading volume of 6,106 shares, compared to its average volume of 24,215. Principal Real Estate Income Fund has a twelve month low of $16.21 and a twelve month high of $18.85.
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About Principal Real Estate Income Fund
Principal Real Estate Income Fund is a closed ended balanced mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Principal Real Estate Investors, LLC. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in commercial mortgage backed securities, real estate investment trusts and REIT-like entities.
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