Putnam Premier Income Trust (NYSE:PPT – Get Free Report) announced a monthly dividend on Monday, July 1st, Zacks reports. Investors of record on Wednesday, July 24th will be paid a dividend of 0.026 per share by the investment management company on Thursday, August 1st. This represents a $0.31 annualized dividend and a yield of 8.75%. The ex-dividend date is Wednesday, July 24th.
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 0.7 %
PPT opened at $3.57 on Wednesday. Putnam Premier Income Trust has a 1-year low of $3.25 and a 1-year high of $3.72. The company has a 50 day simple moving average of $3.50 and a two-hundred day simple moving average of $3.55.
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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