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

Putnam Premier Income Trust (NYSE:PPT) announced a monthly dividend on Tuesday, April 8th, Wall Street Journal reports. Investors of record on Thursday, April 17th will be paid a dividend of 0.026 per share by the investment management company on Wednesday, April 30th. This represents a $0.31 annualized dividend and a yield of 8.88%. The ex-dividend date of this dividend is Thursday, April 17th.

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

Putnam Premier Income Trust Price Performance

PPT stock traded up $0.07 during midday trading on Tuesday, hitting $3.52. The stock had a trading volume of 445,417 shares, compared to its average volume of 165,218. The business has a fifty day moving average price of $3.59 and a two-hundred day moving average price of $3.60. Putnam Premier Income Trust has a 1-year low of $3.40 and a 1-year 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.