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

by · The Cerbat Gem

Putnam Premier Income Trust (NYSE:PPT – Get Free Report) declared a monthly dividend on Thursday, May 14th. Investors of record on Friday, July 24th will be given a dividend of 0.026 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date is Friday, July 24th.

Putnam Premier Income Trust Price Performance

NYSE:PPT traded up $0.02 during trading hours on Thursday, hitting $3.49. 112,536 shares of the company traded hands, compared to its average volume of 167,188. Putnam Premier Income Trust has a twelve month low of $3.42 and a twelve month high of $3.77. The firm has a 50-day moving average of $3.52 and a 200 day moving average of $3.57.

Putnam Premier Income Trust Company Profile

(Get Free Report)

Putnam Premier Income Trust (NYSE:PPT) is a diversified closed-end management investment company that seeks to provide current income with a secondary objective of capital appreciation. The trust pursues income through a portfolio of domestic and international fixed-income and equity securities, including high-yield corporate bonds, investment-grade debt, preferred securities and dividend-paying stocks. Its investment strategy emphasizes diversification across credit quality, sector and geography to balance income generation with risk management.

The fund employs leverage, including borrowing and preferred shares, to enhance its income potential within regulatory limits.

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