Putnam Premier Income Trust to Issue Dividend of $0.03 (NYSE:PPT)

Key Points

• Putnam Premier Income Trust (NYSE:PPT) announced a dividend of $0.03, with shareholders of record on August 19 set to receive payments on August 29, resulting in a significant dividend yield of 846.0%.
• The ex-dividend date is August 18, indicating when new investors will not be eligible for the upcoming dividend payment.
• As of the latest trading session, PPT shares opened at $3.69, with a 52-week trading range of $3.40 to $3.74.

Putnam Premier Income Trust (NYSE:PPT - Get Free Report) announced a dividend on Saturday, August 16th, investing.com reports. Shareholders of record on Tuesday, August 19th will be paid a dividend of 0.026 per share by the investment management company on Friday, August 29th. This represents a dividend yield of 846.0%. The ex-dividend date is Monday, August 18th.

Putnam Premier Income Trust Trading Up 0.3%

NYSE:PPT opened at $3.69 on Friday. The business's fifty day moving average is $3.66 and its 200 day moving average is $3.62. Putnam Premier Income Trust has a 52-week low of $3.40 and a 52-week 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.

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