Putnam Premier Income Trust (NYSE:PPT – Get Free Report) declared a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Shareholders of record on Friday, January 24th will be given a dividend of 0.026 per share by the investment management company on Monday, February 3rd. This represents a $0.31 dividend on an annualized basis and a yield of 8.76%. The ex-dividend date is Friday, January 24th.
Putnam Premier Income Trust has raised its dividend by an average of 33.9% annually over the last three years.
Putnam Premier Income Trust Stock Down 0.3 %
Shares of PPT opened at $3.56 on Friday. The company has a 50 day moving average price of $3.57 and a 200-day moving average price of $3.62. Putnam Premier Income Trust has a fifty-two week low of $3.40 and a fifty-two 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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