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

Putnam Premier Income Trust (NYSE:PPT) announced a monthly dividend on Monday, October 28th, Zacks reports. Stockholders of record on Friday, November 22nd will be given a dividend of 0.026 per share by the investment management company on Monday, December 2nd. This represents a $0.31 annualized dividend and a dividend yield of 8.64%. The ex-dividend date of this dividend is Friday, November 22nd.

Putnam Premier Income Trust has decreased its dividend by an average of 1.8% per year over the last three years.

Putnam Premier Income Trust Trading Down 0.3 %

Shares of NYSE PPT opened at $3.61 on Tuesday. The company has a 50 day simple moving average of $3.68 and a 200 day simple moving average of $3.59. Putnam Premier Income Trust has a 1 year low of $3.28 and a 1 year 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.