Principal Real Estate Income Fund (NYSE:PGZ – Get Rating) announced a monthly dividend on Tuesday, January 3rd, Zacks reports. Stockholders of record on Friday, February 10th will be given a dividend of 0.105 per share on Tuesday, February 28th. This represents a $1.26 annualized dividend and a dividend yield of 10.82%. The ex-dividend date is Thursday, February 9th.
Principal Real Estate Income Fund has decreased its dividend by an average of 1.9% per year over the last three years and has raised its dividend every year for the last 2 years.
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Principal Real Estate Income Fund Stock Performance
PGZ opened at $11.65 on Wednesday. The business has a 50 day moving average of $11.01 and a 200-day moving average of $11.64. Principal Real Estate Income Fund has a 52 week low of $10.29 and a 52 week high of $16.10.
Institutional Trading of Principal Real Estate Income Fund
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in Principal Real Estate Income Fund by 4.9% during the third quarter. Royal Bank of Canada now owns 91,203 shares of the company's stock valued at $1,007,000 after buying an additional 4,263 shares during the last quarter. UBS Group AG raised its position in shares of Principal Real Estate Income Fund by 12.0% in the 3rd quarter. UBS Group AG now owns 16,574 shares of the company's stock worth $183,000 after purchasing an additional 1,771 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Principal Real Estate Income Fund by 53.6% in the 2nd quarter. International Assets Investment Management LLC now owns 15,363 shares of the company's stock worth $198,000 after purchasing an additional 5,363 shares in the last quarter. Finally, Saba Capital Management L.P. grew its position in Principal Real Estate Income Fund by 17.2% during the 1st quarter. Saba Capital Management L.P. now owns 429,802 shares of the company's stock valued at $6,756,000 after purchasing an additional 63,082 shares during the last quarter.
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.
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