CBRE Global Real Estate Income Fund (NYSE:IGR) Plans Monthly Dividend of $0.06

CBRE Global Real Estate Income Fund (NYSE:IGR) announced a monthly dividend on Thursday, July 11th, Wall Street Journal reports. Stockholders of record on Friday, September 20th will be paid a dividend of 0.06 per share by the closed-end fund on Monday, September 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 13.85%. The ex-dividend date is Friday, September 20th.

CBRE Global Real Estate Income Fund has raised its dividend payment by an average of 6.3% annually over the last three years.

CBRE Global Real Estate Income Fund Trading Up 2.8 %

IGR traded up $0.14 on Thursday, reaching $5.20. The company’s stock had a trading volume of 940,695 shares, compared to its average volume of 584,146. CBRE Global Real Estate Income Fund has a 1 year low of $3.88 and a 1 year high of $5.62. The business’s 50 day moving average is $5.05 and its 200 day moving average is $5.13.

About CBRE Global Real Estate Income Fund

CBRE Clarion Global Real Estate Income Fund specializes in investments in various property types, including office, retail, diversified, apartments, industrials, hotels, healthcare, and storage. It invests in the public equity markets across the developed markets of North America, Europe, Australia, and Asia.