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

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. Stockholders 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) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend is Monday, November 17th.

Putnam Premier Income Trust Trading Up 0.3%

Shares of Putnam Premier Income Trust stock traded up $0.01 during trading hours on Tuesday, reaching $3.68. The company's stock had a trading volume of 85,152 shares, compared to its average volume of 221,194. The company's 50 day simple moving average is $3.66 and its 200 day simple moving average is $3.62. Putnam Premier Income Trust has a one year low of $3.40 and a one 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.