Putnam Premier Income Trust (PPT) To Go Ex-Dividend on November 17th

Putnam Premier Income Trust (NYSE:PPT) declared a monthly dividend on Thursday, August 7th, Wall Street Journal reports. Investors of record on Monday, November 17th will be paid a dividend of 0.026 per share by the investment management company on Friday, November 28th. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend is Monday, November 17th.

Putnam Premier Income Trust Stock Performance

Putnam Premier Income Trust stock opened at $3.63 on Friday. The firm’s 50 day moving average price is $3.67 and its two-hundred day moving average price is $3.67. Putnam Premier Income Trust has a 1 year low of $3.40 and a 1 year high of $3.77.

Institutional Trading of Putnam Premier Income Trust

A number of hedge funds have recently bought and sold shares of PPT. Invesco Ltd. increased its position in shares of Putnam Premier Income Trust by 24.2% in the third quarter. Invesco Ltd. now owns 1,179,068 shares of the investment management company’s stock worth $4,351,000 after acquiring an additional 229,753 shares in the last quarter. Intellus Advisors LLC boosted its stake in Putnam Premier Income Trust by 24.3% in the 3rd quarter. Intellus Advisors LLC now owns 132,779 shares of the investment management company’s stock worth $490,000 after purchasing an additional 25,949 shares during the period. Integrity Advisory Solutions LLC purchased a new position in Putnam Premier Income Trust during the 3rd quarter worth approximately $44,000. Smith Moore & CO. purchased a new position in Putnam Premier Income Trust during the 3rd quarter worth approximately $103,000. Finally, First National Trust Co acquired a new stake in Putnam Premier Income Trust during the 3rd quarter valued at $48,000. 42.79% of the stock is owned by hedge funds and other institutional investors.

Putnam Premier Income Trust Company Profile

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.