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

Putnam Premier Income Trust (NYSE:PPT) declared a monthly dividend on Thursday, January 9th,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 dividend yield of 8.76%. The ex-dividend date of this dividend is Friday, January 24th.

Putnam Premier Income Trust has increased its dividend payment by an average of 33.9% annually over the last three years.

Putnam Premier Income Trust Stock Down 0.3 %

Shares of PPT traded down $0.01 during trading hours on Thursday, reaching $3.56. 144,169 shares of the stock traded hands, compared to its average volume of 126,354. The company’s 50-day moving average price is $3.57 and its two-hundred day moving average price is $3.62. Putnam Premier Income Trust has a 52-week low of $3.40 and a 52-week high of $3.74.

Putnam Premier Income Trust Company Profile

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.