Putnam Premier Income Trust (PPT) To Go Ex-Dividend on September 21st

Putnam Premier Income Trust (NYSE:PPT) announced a monthly dividend on Tuesday, August 1st, Wall Street Journal reports. Stockholders of record on Friday, September 22nd will be paid a dividend of 0.026 per share by the investment management company on Monday, October 2nd. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.89%. The ex-dividend date of this dividend is Thursday, September 21st.

Putnam Premier Income Trust has decreased its dividend by an average of 9.4% per year over the last three years.

Putnam Premier Income Trust Stock Up 0.6 %

NYSE:PPT opened at $3.51 on Tuesday. Putnam Premier Income Trust has a 12 month low of $3.40 and a 12 month high of $3.91. The company has a 50 day simple moving average of $3.55 and a two-hundred day simple moving average of $3.56.

Institutional Trading of Putnam Premier Income Trust

Several hedge funds have recently bought and sold shares of the stock. Invesco Ltd. increased its stake in shares of Putnam Premier Income Trust by 19.0% in the first quarter. Invesco Ltd. now owns 1,273,011 shares of the investment management company’s stock worth $5,079,000 after purchasing an additional 203,297 shares in the last quarter. Bank of America Corp DE grew its holdings in Putnam Premier Income Trust by 56.5% during the 1st quarter. Bank of America Corp DE now owns 445,454 shares of the investment management company’s stock valued at $1,777,000 after buying an additional 160,869 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Putnam Premier Income Trust by 64.8% during the first quarter. Cetera Investment Advisers now owns 113,957 shares of the investment management company’s stock valued at $406,000 after buying an additional 44,802 shares during the last quarter. SageView Advisory Group LLC purchased a new position in shares of Putnam Premier Income Trust in the fourth quarter worth $163,000. Finally, JPMorgan Chase & Co. purchased a new position in Putnam Premier Income Trust during the first quarter valued at $154,000. Institutional investors own 31.31% of the company’s stock.

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.