Principal Real Estate Income Fund (PGZ) to Issue Monthly Dividend of $0.11 on January 31st

Principal Real Estate Income Fund (NYSE:PGZ) declared a monthly dividend on Thursday, October 3rd,Wall Street Journal reports. Stockholders of record on Thursday, January 16th will be paid a dividend of 0.105 per share on Friday, January 31st. This represents a $1.26 dividend on an annualized basis and a dividend yield of 12.70%. The ex-dividend date is Thursday, January 16th.

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

Principal Real Estate Income Fund Stock Performance

Shares of PGZ stock opened at $9.92 on Tuesday. Principal Real Estate Income Fund has a 1-year low of $9.46 and a 1-year high of $11.31. The stock’s fifty day moving average price is $10.37 and its 200 day moving average price is $10.62.

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.