Putnam Premier Income Trust (NYSE:PPT - Get Free Report) announced a monthly dividend on Monday, June 9th, Wall Street Journal reports. Shareholders of record on Monday, June 16th will be given a dividend of 0.026 per share by the investment management company on Monday, June 30th. This represents a $0.31 annualized dividend and a yield of 8.46%. The ex-dividend date of this dividend is Monday, June 16th.
Putnam Premier Income Trust Stock Performance
PPT traded up $0.01 during trading on Thursday, hitting $3.69. The stock had a trading volume of 93,221 shares, compared to its average volume of 168,762. Putnam Premier Income Trust has a twelve month low of $3.40 and a twelve month high of $3.74. The company's 50-day moving average price is $3.61 and its 200 day moving average price is $3.59.
Institutional Investors Weigh In On Putnam Premier Income Trust
Hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its stake in shares of Putnam Premier Income Trust by 2.5% in the first quarter. Integrated Wealth Concepts LLC now owns 114,650 shares of the investment management company's stock valued at $414,000 after buying an additional 2,833 shares in the last quarter. Royal Bank of Canada raised its position in Putnam Premier Income Trust by 9.0% in the first quarter. Royal Bank of Canada now owns 190,812 shares of the investment management company's stock worth $689,000 after acquiring an additional 15,743 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new stake in Putnam Premier Income Trust in the first quarter valued at $80,000. Institutional investors and hedge funds own 42.79% of the company's stock.
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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