Putnam Premier Income Trust (NYSE:PPT) to Issue Monthly Dividend of $0.04

Putnam Premier Income Trust (NYSE:PPT) declared a monthly dividend on Friday, June 28th, Zacks reports. Stockholders of record on Wednesday, July 24th will be given a dividend of 0.035 per share by the investment management company on Thursday, August 1st. This represents a $0.42 annualized dividend and a dividend yield of 8.02%. The ex-dividend date of this dividend is Tuesday, July 23rd.

NYSE:PPT opened at $5.24 on Monday. Putnam Premier Income Trust has a 12-month low of $4.56 and a 12-month high of $5.33. The business has a fifty day moving average of $5.17.

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.

Further Reading: Federal Reserve

Dividend History for Putnam Premier Income Trust (NYSE:PPT)

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