CBRE Global Real Estate Income Fund (IGR) to Issue Monthly Dividend of $0.18 on October 30th

CBRE Global Real Estate Income Fund (NYSE:IGR) announced a monthly dividend on Friday, October 9th. Stockholders of record on Tuesday, October 20th will be paid a dividend of $0.18 per share by the closed-end fund on Friday, October 30th. This represents a $2.16 annualized dividend and a dividend yield of 19.4%. The ex-dividend date of this dividend is Tuesday, October 20th. This is a 200.0% increase from CBRE Global Real Estate Income Fund’s previous monthly dividend of $0.06.

CBRE Global Real Estate Income Fund Stock Performance

IGR stock opened at $11.15 on Friday. The business has a fifty day simple moving average of $12.72 and a 200-day simple moving average of $13.50. CBRE Global Real Estate Income Fund has a 52 week low of $10.84 and a 52 week high of $15.15.

About CBRE Global Real Estate Income Fund

CBRE Global Real Estate Income Fund (NYSE: IGR) is a closed-end investment fund focused on generating current income and, secondarily, long-term capital appreciation through investments in real estate-related securities.

The fund invests in a diversified portfolio of publicly traded real estate companies and real estate investment trusts (REITs), as well as other real estate securities. Its holdings may include common and preferred stocks, debt securities, and other income-producing investments associated with the global real estate industry.

IGR provides exposure to real estate markets across multiple regions, including the United States and international markets.