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 mid-day trading on Friday, reaching $3.66. The stock had a trading volume of 164,226 shares, compared to its average volume of 172,555. Putnam Premier Income Trust has a fifty-two week low of $3.40 and a fifty-two week high of $3.74. The stock's 50-day simple moving average is $3.66 and its 200-day simple moving average is $3.61.
Institutional Investors Weigh In On Putnam Premier Income Trust
A number of hedge funds have recently added to or reduced their stakes in the company. Baird Financial Group Inc. purchased a new position in shares of Putnam Premier Income Trust during the first quarter valued at approximately $80,000. Royal Bank of Canada boosted its position in shares of Putnam Premier Income Trust by 9.0% during the first quarter. Royal Bank of Canada now owns 190,812 shares of the investment management company's stock valued at $689,000 after buying an additional 15,743 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in shares of Putnam Premier Income Trust by 2.5% during 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 during the last quarter. Institutional investors and hedge funds own 42.79% of the company's stock.
About Putnam Premier Income Trust
(
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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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