Principal Real Estate Income Fund (NYSE:PGZ) Announces Monthly Dividend of $0.11

Posted by Thomas Dobrow on Jan 7th, 2025

Principal Real Estate Income Fund (NYSE:PGZ – Get Free Report) declared a monthly dividend on Monday, January 6th,Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.105 per share on Wednesday, April 30th. This represents a $1.26 annualized dividend and a dividend yield of 12.59%. The ex-dividend date of this dividend is Tuesday, April 15th.

Principal Real Estate Income Fund has raised its dividend payment by an average of 8.1% annually over the last three years.

Principal Real Estate Income Fund Price Performance

Shares of Principal Real Estate Income Fund stock opened at $10.01 on Tuesday. The business has a fifty day simple moving average of $10.43 and a two-hundred day simple moving average of $10.62. Principal Real Estate Income Fund has a 1 year low of $9.44 and a 1 year high of $11.31.

About Principal Real Estate Income Fund

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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.