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

Putnam Premier Income Trust (NYSE:PPT) declared a monthly dividend on Thursday, May 14th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of 0.026 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Putnam Premier Income Trust Price Performance

Shares of NYSE:PPT traded up $0.02 during mid-day trading on Thursday, reaching $3.49. 112,136 shares of the company’s stock were exchanged, compared to its average volume of 167,184. The business’s fifty day moving average price is $3.52 and its 200-day moving average price is $3.57. Putnam Premier Income Trust has a twelve month low of $3.42 and a twelve month high of $3.77.

About Putnam Premier Income Trust

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.