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


Putnam Premier Income Trust (NYSE: PPT – Get Rating) announced a monthly dividend on Monday, May 23, reports The Wall Street Journal. Shareholders of record on Friday, June 24 will receive a dividend of 0.026 per share from the investment management company on Friday, July 1. This represents an annualized dividend of $0.31 and a dividend yield of 8.17%. The ex-date of this dividend is Thursday, June 23.

Putnam Premier Income Trust has reduced its dividend by an average of 1.9% per year over the past three years.

NYSE PPT was down $0.03 on Monday, hitting $3.82. The company had a trading volume of 128,087 shares, compared to an average volume of 270,045. The company’s 50-day moving average price is $3.91 and its 200-day moving average price is 4.10 $. Putnam Premier Income Trust has a 12-month low of $3.76 and a 12-month high of $4.82.

Institutional investors have recently been buying and selling shares of the company. Geneos Wealth Management Inc. increased its equity stake in Putnam Premier Income Trust by 217.9% in Q1. Geneos Wealth Management Inc. now owns 7,042 shares of the investment management company worth $28,000 after buying 4,827 additional shares in the last quarter. Millennium Management LLC purchased a new stock position in Putnam Premier Income Trust during Q4 for a value of approximately $46,000. Cetera Advisor Networks LLC increased its equity stake in Putnam Premier Income Trust by 12.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 103,121 shares of the investment management company worth $411,000 after purchasing an additional 11,295 shares during the period. NewEdge Advisors LLC purchased a new stock position in Putnam Premier Income Trust during Q4 for a value of approximately $555,000. Finally, Invesco Ltd. increased its equity stake in Putnam Premier Income Trust by 19.0% during the 1st quarter. Invesco Ltd. now owns 1,273,011 shares of the investment management firm worth $5,079,000 after purchasing an additional 203,297 shares during the period. Hedge funds and other institutional investors own 36.45% of the company’s shares.

Company Profile Putnam Premier Income Trust (Get an assessment)

Putnam Premier Income Trust is a closed-end, fixed-income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in public bond markets around the world. The fund invests primarily in investment grade, high yield US bonds with an average credit quality of BBB by S&P Corporation.

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



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