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

Putnam Premier Income Trust (NYSE:PPT) declared a monthly dividend on Monday, February 10th,Wall Street Journal reports. Shareholders of record on Monday, February 24th will be paid a dividend of 0.026 per share by the investment management company on Monday, March 3rd. This represents a $0.31 annualized dividend and a yield of 8.61%. The ex-dividend date of this dividend is Monday, February 24th.

Putnam Premier Income Trust has increased its dividend payment by an average of 28.0% per year over the last three years.

Putnam Premier Income Trust Trading Up 0.1 %

Shares of Putnam Premier Income Trust stock traded up $0.01 during midday trading on Tuesday, hitting $3.63. The company had a trading volume of 229,419 shares, compared to its average volume of 153,478. Putnam Premier Income Trust has a 1-year low of $3.40 and a 1-year high of $3.74. The business’s 50 day simple moving average is $3.58 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.