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

Putnam Premier Income Trust (NYSE:PPTGet Free Report) declared a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Stockholders of record on Monday, June 24th will be given a dividend of 0.026 per share by the investment management company on Monday, July 1st. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.81%. The ex-dividend date of this dividend is Monday, June 24th.

Putnam Premier Income Trust has decreased its dividend payment by an average of 1.8% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

Putnam Premier Income Trust Price Performance

NYSE PPT traded up $0.01 during trading hours on Wednesday, hitting $3.54. The company’s stock had a trading volume of 199,377 shares, compared to its average volume of 162,763. Putnam Premier Income Trust has a 52 week low of $3.25 and a 52 week high of $3.72. The company’s 50-day simple moving average is $3.50 and its two-hundred day simple moving average is $3.54.

About Putnam Premier Income Trust

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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.

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Dividend History for Putnam Premier Income Trust (NYSE:PPT)

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