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

Putnam Premier Income Trust (NYSE:PPT) declared a monthly dividend on Monday, February 10th,Wall Street Journal reports. Investors of record on Monday, February 24th will be paid a dividend of 0.026 per share by the investment management company on Monday, March 3rd. This represents a $0.31 annualized dividend and a yield of 8.61%. The ex-dividend date is Monday, February 24th.

Putnam Premier Income Trust has raised its dividend payment by an average of 28.0% annually over the last three years.

Putnam Premier Income Trust Stock Performance

Shares of PPT traded up $0.01 during mid-day trading on Tuesday, hitting $3.63. 229,419 shares of the company’s stock were exchanged, compared to its average volume of 153,478. The firm has a fifty day moving average of $3.58 and a two-hundred day moving average of $3.62. Putnam Premier Income Trust has a twelve month low of $3.40 and a twelve month high of $3.74.

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.