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

Putnam Premier Income Trust (NYSE:PPT) declared a monthly dividend on Thursday, November 20th. Shareholders of record on Monday, December 15th will be paid a dividend of 0.026 per share by the investment management company on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend is Monday, December 15th.

Putnam Premier Income Trust Stock Performance

Shares of PPT stock traded up $0.01 during mid-day trading on Thursday, reaching $3.55. 182,910 shares of the company’s stock traded hands, compared to its average volume of 196,261. The company’s 50-day moving average price is $3.66 and its 200-day moving average price is $3.66. Putnam Premier Income Trust has a 12 month low of $3.40 and a 12 month high of $3.77.

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.