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

Putnam Premier Income Trust (NYSE:PPT) announced a monthly dividend on Tuesday, October 1st, Wall Street Journal reports. Shareholders of record on Thursday, October 24th will be paid a dividend of 0.026 per share by the investment management company on Friday, November 1st. This represents a $0.31 dividend on an annualized basis and a yield of 8.39%. The ex-dividend date of this dividend is Thursday, October 24th.

Putnam Premier Income Trust has decreased its dividend by an average of 1.8% annually over the last three years.

Putnam Premier Income Trust Price Performance

Shares of PPT stock traded down $0.01 during trading hours on Tuesday, hitting $3.72. The stock had a trading volume of 100,225 shares, compared to its average volume of 145,000. The stock’s 50 day moving average is $3.67 and its 200 day moving average is $3.57. Putnam Premier Income Trust has a twelve month low of $3.25 and a twelve month 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.