Putnam Premier Income Trust (NYSE:PPT – Get Free Report) declared a monthly dividend on Friday, April 19th, Wall Street Journal reports. Shareholders of record on Friday, May 24th will be paid a dividend of 0.026 per share by the investment management company on Monday, June 3rd. This represents a $0.31 annualized dividend and a yield of 8.84%. The ex-dividend date of this dividend is Thursday, May 23rd.
Putnam Premier Income Trust has decreased its dividend payment by an average of 1.8% per year over the last three years and has raised its dividend annually for the last 1 consecutive years.
Putnam Premier Income Trust Trading Up 0.3 %
Shares of PPT opened at $3.53 on Wednesday. Putnam Premier Income Trust has a 52-week low of $3.25 and a 52-week high of $3.72. The stock has a fifty day moving average price of $3.50 and a two-hundred day moving average price of $3.54.
About Putnam Premier Income Trust
Putnam Premier Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the public fixed income markets across the globe. The fund primarily invests in U.S. high-grade and high-yield bonds with an average credit quality of BBB by S&P Corporation.
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