Putnam Premier Income Trust (NYSE:PPT - Get Free Report) announced a monthly dividend on Wednesday, July 9th, Wall Street Journal reports. Shareholders of record on Friday, July 18th will be paid a dividend of 0.026 per share by the investment management company on Thursday, July 31st. This represents a $0.31 dividend on an annualized basis and a yield of 8.54%. The ex-dividend date of this dividend is Friday, July 18th.
Putnam Premier Income Trust Trading Down 0.4%
Putnam Premier Income Trust stock traded down $0.02 during trading hours on Friday, reaching $3.66. 182,638 shares of the stock were exchanged, compared to its average volume of 173,174. Putnam Premier Income Trust has a twelve month low of $3.40 and a twelve month high of $3.74. The stock has a 50 day moving average of $3.66 and a two-hundred day moving average of $3.61.
Institutional Investors Weigh In On Putnam Premier Income Trust
A number of hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC boosted its stake in shares of Putnam Premier Income Trust by 2.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 114,650 shares of the investment management company's stock valued at $414,000 after purchasing an additional 2,833 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Putnam Premier Income Trust by 9.0% in the 1st quarter. Royal Bank of Canada now owns 190,812 shares of the investment management company's stock valued at $689,000 after purchasing an additional 15,743 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new stake in shares of Putnam Premier Income Trust in the 1st quarter valued at approximately $80,000. 42.79% of the stock is currently owned by institutional investors and hedge funds.
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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