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

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Principal Real Estate Income Fund (NYSE:PGZGet Rating) declared a monthly dividend on Tuesday, April 5th, Wall Street Journal reports. Stockholders of record on Thursday, June 16th will be given a dividend of 0.105 per share on Thursday, June 30th. This represents a $1.26 annualized dividend and a dividend yield of 9.18%. The ex-dividend date of this dividend is Wednesday, June 15th.

Principal Real Estate Income Fund has decreased its dividend by an average of 8.7% per year over the last three years and has increased its dividend every year for the last 2 years.

Shares of Principal Real Estate Income Fund stock opened at $13.72 on Monday. Principal Real Estate Income Fund has a 52 week low of $13.07 and a 52 week high of $16.12. The firm’s 50 day moving average is $14.11 and its two-hundred day moving average is $14.84.

Institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new stake in Principal Real Estate Income Fund in the first quarter valued at $157,000. NewEdge Advisors LLC purchased a new stake in Principal Real Estate Income Fund during the fourth quarter worth $196,000. UBS Group AG grew its holdings in Principal Real Estate Income Fund by 3.4% in the third quarter. UBS Group AG now owns 25,621 shares of the company’s stock valued at $377,000 after purchasing an additional 847 shares during the last quarter. Bank of America Corp DE increased its position in shares of Principal Real Estate Income Fund by 57.7% in the fourth quarter. Bank of America Corp DE now owns 71,127 shares of the company’s stock valued at $1,123,000 after buying an additional 26,010 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in Principal Real Estate Income Fund by 25.1% in the 1st quarter. Royal Bank of Canada now owns 71,751 shares of the company’s stock valued at $1,128,000 after acquiring an additional 14,388 shares during the last quarter.

Principal Real Estate Income Fund Company Profile (Get Rating)

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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