Putnam Premier Income Trust (NYSE:PPT – Get Rating) announced a monthly dividend on Friday, March 25th, Zacks reports. Shareholders of record on Friday, April 22nd will be given a dividend of 0.026 per share by the investment management company on Monday, May 2nd. This represents a $0.31 dividend on an annualized basis and a dividend yield of 7.94%. The ex-dividend date is Thursday, April 21st.
Putnam Premier Income Trust stock opened at $3.93 on Tuesday. The business has a 50-day simple moving average of $3.95 and a two-hundred day simple moving average of $4.21. Putnam Premier Income Trust has a 52-week low of $3.82 and a 52-week high of $4.82.
Institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC bought a new stake in shares of Putnam Premier Income Trust during the 4th quarter valued at about $46,000. NewEdge Advisors LLC bought a new position in shares of Putnam Premier Income Trust during the 4th quarter valued at approximately $555,000. Finally, Morgan Stanley grew its stake in shares of Putnam Premier Income Trust by 8.8% during the 2nd quarter. Morgan Stanley now owns 1,508,155 shares of the investment management company’s stock valued at $7,028,000 after acquiring an additional 122,351 shares during the period. Institutional investors and hedge funds own 34.92% of the company’s stock.
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.
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