Putnam Premier Income Trust (NYSE:PPT – Get Free Report) announced a monthly dividend on Monday, February 23rd. Investors of record on Thursday, May 21st will be paid a dividend of 0.026 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend is Thursday, May 21st.
Putnam Premier Income Trust Trading Down 0.1%
PPT stock opened at $3.62 on Tuesday. The firm has a 50-day moving average of $3.59 and a two-hundred day moving average of $3.63. Putnam Premier Income Trust has a 12 month low of $3.40 and a 12 month high of $3.77.
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.
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