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

Key Points

• Putnam Premier Income Trust (NYSE:PPT) has declared a monthly dividend of $0.03 per share, payable on November 28th to shareholders of record as of November 17th.
• The declared dividend represents an annualized payout with a yield of 8.5%.
• As of the latest market data, NYSE:PPT shares are trading at $3.68, positioned between a 52-week low of $3.40 and a high of $3.74.

Putnam Premier Income Trust (NYSE:PPT - Get Free Report) declared a monthly dividend on Monday, August 11th, Wall Street Journal reports. Investors of record on Monday, November 17th will be given a dividend of 0.026 per share by the investment management company on Friday, November 28th. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date is Monday, November 17th.

Putnam Premier Income Trust Stock Performance

Putnam Premier Income Trust stock traded up $0.01 during trading on Friday, hitting $3.69. The company's stock had a trading volume of 60,137 shares, compared to its average volume of 191,137. The stock's fifty day moving average is $3.66 and its 200 day moving average is $3.62. Putnam Premier Income Trust has a 1-year low of $3.40 and a 1-year high of $3.74.

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.