Principal Real Estate Income Fund (NYSE:PGZ – Get Free Report) declared a monthly dividend on Tuesday, March 31st. Shareholders of record on Thursday, May 14th will be paid a dividend of 0.105 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 12.5%. The ex-dividend date is Thursday, May 14th.
Principal Real Estate Income Fund Trading Down 0.1%
Shares of PGZ opened at $10.09 on Tuesday. The stock has a fifty day moving average of $10.06 and a two-hundred day moving average of $10.14. Principal Real Estate Income Fund has a fifty-two week low of $9.32 and a fifty-two week high of $10.64.
About Principal Real Estate Income Fund
Principal Real Estate Income Fund Inc (NYSE: PGZ) is a diversified, closed-end management investment company that seeks a high level of current income and capital appreciation through investments in real estate securities. Launched in 2015 and managed by Principal Real Estate Investors, LLC, the fund primarily targets publicly traded equity and mortgage real estate investment trusts (REITs), as well as real estate operating companies. It offers investors access to a broad real estate portfolio that may include residential, office, industrial, retail and specialty property sectors.
The fund’s investment approach emphasizes a balance between income generation and total return potential.
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