Principal Real Estate Income Fund (NYSE:PGZ) announced a monthly dividend on Friday, January 4th, Wall Street Journal reports. Stockholders of record on Friday, February 15th will be paid a dividend of 0.11 per share on Thursday, February 28th. This represents a $1.32 annualized dividend and a dividend yield of 7.36%. The ex-dividend date of this dividend is Thursday, February 14th.
Principal Real Estate Income Fund has decreased its dividend payment by an average of 8.7% per year over the last three years.
Shares of NYSE:PGZ opened at $17.94 on Wednesday. Principal Real Estate Income Fund has a 12 month low of $15.31 and a 12 month high of $18.85.
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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