Putnam Premier Income Trust (NYSE:PPT – Get Free Report) declared a monthly dividend on Tuesday, August 6th, Wall Street Journal reports. Shareholders of record on Tuesday, September 24th will be given a dividend of 0.026 per share by the investment management company on Tuesday, October 1st. This represents a $0.31 dividend on an annualized basis and a yield of 8.36%. The ex-dividend date of this dividend is Tuesday, September 24th.
Putnam Premier Income Trust has decreased its dividend payment by an average of 1.8% annually over the last three years.
Putnam Premier Income Trust Price Performance
Shares of PPT stock opened at $3.73 on Friday. The company’s fifty day simple moving average is $3.66 and its 200-day simple moving average is $3.56. Putnam Premier Income Trust has a 52 week low of $3.25 and a 52 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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