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

Putnam Premier Income Trust (NYSE:PPT - Get Free Report) declared a monthly dividend on Tuesday, April 8th, Wall Street Journal reports. Stockholders 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 dividend yield of 8.93%. The ex-dividend date is Thursday, April 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

Putnam Premier Income Trust stock traded up $0.02 during midday trading on Friday, hitting $3.50. 209,880 shares of the stock were exchanged, compared to its average volume of 165,600. The stock's 50-day simple moving average is $3.58 and its 200 day simple moving average is $3.59. Putnam Premier Income Trust has a fifty-two week low of $3.40 and a fifty-two week 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.