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

Putnam Premier Income Trust (NYSE:PPT) announced a monthly dividend on Friday, March 7th, NASDAQ Dividends reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.026 per share by the investment management company on Monday, March 31st. This represents a $0.31 annualized dividend and a yield of 8.73%. The ex-dividend date is Monday, March 17th.

Putnam Premier Income Trust has raised 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 $0.01 during midday trading on Friday, hitting $3.58. 227,740 shares of the company’s stock were exchanged, compared to its average volume of 163,633. The business has a 50-day simple moving average of $3.59 and a two-hundred day simple moving average of $3.62. 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.