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

Key Points

• Putnam Premier Income Trust has announced a monthly dividend of $0.03 per share, with an annualized yield of 8.3%.
• Investors must be on record by September 18th to qualify for the dividend payment on September 30th.
• The trust's stock opened at $3.74, with a one-year price range between $3.40 and $3.75.

Putnam Premier Income Trust (NYSE:PPT - Get Free Report) declared a monthly dividend on Thursday, August 7th. Shareholders of record on Thursday, September 18th will be given a dividend of 0.026 per share by the investment management company on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend is Thursday, September 18th.

Putnam Premier Income Trust Stock Performance

NYSE:PPT traded up $0.01 on Friday, reaching $3.72. The stock had a trading volume of 113,456 shares, compared to its average volume of 222,223. The company has a 50-day moving average of $3.68 and a 200 day moving average of $3.64. Putnam Premier Income Trust has a 12-month low of $3.40 and a 12-month high of $3.77.

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.