Putnam Premier Income Trust (NYSE:PPT - Get Free Report) announced a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Investors of record on Friday, January 24th will be given a dividend of 0.026 per share by the investment management company on Monday, February 3rd. This represents a $0.31 dividend on an annualized basis and a yield of 8.76%. The ex-dividend date of this dividend is Friday, January 24th.
Putnam Premier Income Trust has increased its dividend by an average of 33.9% annually over the last three years.
Putnam Premier Income Trust Price Performance
PPT traded down $0.01 during mid-day trading on Thursday, reaching $3.56. 144,169 shares of the stock were exchanged, compared to its average volume of 126,354. Putnam Premier Income Trust has a 1 year low of $3.40 and a 1 year high of $3.74. The company has a 50 day moving average price of $3.57 and a two-hundred day moving average price of $3.62.
Putnam Premier Income Trust Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Putnam Premier Income Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Putnam Premier Income Trust wasn't on the list.
While Putnam Premier Income Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
