Putnam Premier Income Trust (NYSE:PPT - Get Free Report) announced a monthly dividend on Monday, April 22nd, Wall Street Journal reports. Investors of record on Friday, May 24th will be given 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 dividend yield of 8.99%. The ex-dividend date of this dividend is Thursday, May 23rd.
Putnam Premier Income Trust has decreased its dividend payment by an average of 8.8% per year over the last three years.
Putnam Premier Income Trust Price Performance
Shares of Putnam Premier Income Trust stock traded up $0.01 on Monday, hitting $3.47. The company's stock had a trading volume of 138,165 shares, compared to its average volume of 163,457. Putnam Premier Income Trust has a 52-week low of $3.25 and a 52-week high of $3.72. The firm has a fifty day moving average price of $3.53 and a 200-day moving average price of $3.52.
Putnam Premier Income Trust Company Profile
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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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