Putnam Premier Income Trust to Issue Monthly Dividend of $0.03 (NYSE:PPT)

Putnam Premier Income Trust (NYSE:PPT - Get Free Report) declared a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Investors of record on Monday, June 24th will be paid a dividend of 0.026 per share by the investment management company on Monday, July 1st. This represents a $0.31 annualized dividend and a yield of 8.83%. The ex-dividend date is Monday, June 24th.

Putnam Premier Income Trust has decreased its dividend payment by an average of 1.8% annually over the last three years and has increased its dividend every year for the last 1 years.

Putnam Premier Income Trust Stock Performance

PPT traded up $0.01 during trading hours on Wednesday, hitting $3.54. 199,377 shares of the stock were exchanged, compared to its average volume of 162,763. The stock has a 50-day simple moving average of $3.50 and a 200-day simple moving average of $3.54. Putnam Premier Income Trust has a 12 month low of $3.25 and a 12 month high of $3.72.

Putnam Premier Income Trust Company Profile

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.