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

Putnam Premier Income Trust (NYSE:PPT) announced a monthly dividend on Monday, February 23rd. Shareholders of record on Tuesday, March 24th will be paid a dividend of 0.026 per share by the investment management company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date of this dividend is Tuesday, March 24th.

Putnam Premier Income Trust Stock Performance

NYSE PPT opened at $3.62 on Tuesday. The company’s fifty day moving average is $3.59 and its two-hundred day moving average is $3.63. Putnam Premier Income Trust has a 52-week low of $3.40 and a 52-week high of $3.77.

Hedge Funds Weigh In On Putnam Premier Income Trust

Several large investors have recently added to or reduced their stakes in the company. Papamarkou Wellner Asset Management inc. grew its holdings in shares of Putnam Premier Income Trust by 54.0% during the 4th quarter. Papamarkou Wellner Asset Management inc. now owns 77,000 shares of the investment management company’s stock worth $273,000 after purchasing an additional 27,000 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Putnam Premier Income Trust in the fourth quarter valued at $77,000. Readystate Asset Management LP bought a new position in Putnam Premier Income Trust in the fourth quarter worth $466,000. Balyasny Asset Management L.P. acquired a new stake in Putnam Premier Income Trust during the fourth quarter worth $466,000. Finally, Cetera Investment Advisers raised its stake in shares of Putnam Premier Income Trust by 8.9% in the 4th quarter. Cetera Investment Advisers now owns 47,630 shares of the investment management company’s stock valued at $169,000 after buying an additional 3,897 shares in the last quarter. Institutional investors and hedge funds own 42.79% of the company’s stock.

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.