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

Putnam Premier Income Trust (NYSE:PPT) announced a monthly dividend on Friday, March 7th, NASDAQ Dividends reports. Investors 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 increased its dividend payment by an average of 28.0% annually over the last three years.

Putnam Premier Income Trust Price Performance

NYSE PPT traded up $0.01 during trading hours on Friday, hitting $3.58. The company’s stock had a trading volume of 227,740 shares, compared to its average volume of 163,633. Putnam Premier Income Trust has a 12 month low of $3.40 and a 12 month high of $3.74. The company’s 50 day simple moving average is $3.59 and its two-hundred day simple moving average is $3.62.

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.