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

Putnam Premier Income Trust (NYSE:PPT) announced a monthly dividend on Monday, February 23rd. Stockholders of record on Thursday, April 23rd will be given a dividend of 0.026 per share by the investment management company on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date of this dividend is Thursday, April 23rd.

Putnam Premier Income Trust Price Performance

Shares of NYSE:PPT traded down $0.01 on Monday, hitting $3.62. 219,499 shares of the company traded hands, compared to its average volume of 174,873. Putnam Premier Income Trust has a 52 week low of $3.40 and a 52 week high of $3.77. The stock has a 50 day simple moving average of $3.59 and a 200-day simple moving average of $3.63.

Putnam Premier Income Trust Company Profile

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.