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

Putnam Premier Income Trust (NYSE:PPT) declared a monthly dividend on Monday, February 23rd. Investors of record on Thursday, April 23rd will be paid a dividend of 0.026 per share by the investment management company on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Thursday, April 23rd.

Putnam Premier Income Trust Stock Performance

Shares of NYSE:PPT traded down $0.01 during trading on Monday, reaching $3.62. The stock had a trading volume of 219,499 shares, compared to its average volume of 174,873. Putnam Premier Income Trust has a 1-year low of $3.40 and a 1-year high of $3.77. The business has a fifty day moving average price of $3.59 and a 200-day moving average price of $3.63.

About Putnam Premier Income Trust

Putnam Premier Income Trust (NYSE:PPT) is a diversified closed-end management investment company that seeks to provide current income with a secondary objective of capital appreciation. The trust pursues income through a portfolio of domestic and international fixed-income and equity securities, including high-yield corporate bonds, investment-grade debt, preferred securities and dividend-paying stocks. Its investment strategy emphasizes diversification across credit quality, sector and geography to balance income generation with risk management.

The fund employs leverage, including borrowing and preferred shares, to enhance its income potential within regulatory limits.