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

Key Points

• Putnam Premier Income Trust announced a monthly dividend of $0.03 per share, with an annualized yield of 8.5%, scheduled for payment on November 28th to investors on record as of November 17th.
• The stock recently traded down 0.3% to $3.68, with a 12-month low of $3.40 and a high of $3.74.
• Institutional investors currently own 42.79% of Putnam Premier Income Trust, with several firms recently increasing their holdings in the company.

Putnam Premier Income Trust (NYSE:PPT - Get Free Report) announced a monthly dividend on Friday, August 8th, Wall Street Journal reports. Stockholders of record on Monday, November 17th will be paid 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 Price Performance

Shares of NYSE PPT traded down $0.01 during midday trading on Wednesday, reaching $3.68. 75,496 shares of the stock were exchanged, compared to its average volume of 190,255. The firm has a 50-day simple moving average of $3.66 and a two-hundred day simple moving average of $3.62. Putnam Premier Income Trust has a twelve month low of $3.40 and a twelve month high of $3.74.

About Putnam Premier Income Trust

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.