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

Putnam Premier Income Trust (NYSE:PPT) announced 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 of this dividend is Friday, January 24th.

Putnam Premier Income Trust has raised its dividend by an average of 33.9% per year over the last three years.

Putnam Premier Income Trust Stock Down 0.3 %

Shares of NYSE PPT traded down $0.01 during trading on Thursday, reaching $3.56. 144,169 shares of the stock traded hands, compared to its average volume of 126,354. Putnam Premier Income Trust has a 52-week low of $3.40 and a 52-week high of $3.74. The company has a 50-day moving average of $3.57 and a 200-day moving average of $3.62.

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.