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

Putnam Premier Income Trust (NYSE:PPTGet Rating) declared a monthly dividend on Friday, April 22nd, Zacks reports. Stockholders of record on Tuesday, May 24th will be given a dividend of 0.026 per share by the investment management company on Wednesday, June 1st. This represents a $0.31 annualized dividend and a dividend yield of 8.10%. The ex-dividend date of this dividend is Monday, May 23rd.

Putnam Premier Income Trust has decreased its dividend payment by an average of 1.9% annually over the last three years.

Putnam Premier Income Trust stock opened at $3.85 on Friday. Putnam Premier Income Trust has a 12 month low of $3.76 and a 12 month high of $4.82. The stock’s 50 day moving average is $3.91 and its 200-day moving average is $4.10.

Several institutional investors have recently bought and sold shares of PPT. Morgan Stanley grew its position in shares of Putnam Premier Income Trust by 8.8% in the second quarter. Morgan Stanley now owns 1,508,155 shares of the investment management company’s stock valued at $7,028,000 after purchasing an additional 122,351 shares during the last quarter. Millennium Management LLC acquired a new stake in Putnam Premier Income Trust during the fourth quarter worth approximately $46,000. NewEdge Advisors LLC acquired a new stake in Putnam Premier Income Trust during the fourth quarter worth approximately $555,000. Cetera Advisor Networks LLC grew its position in Putnam Premier Income Trust by 12.3% during the first quarter. Cetera Advisor Networks LLC now owns 103,121 shares of the investment management company’s stock worth $411,000 after buying an additional 11,295 shares in the last quarter. Finally, Invesco Ltd. grew its position in Putnam Premier Income Trust by 19.0% during the first quarter. Invesco Ltd. now owns 1,273,011 shares of the investment management company’s stock worth $5,079,000 after buying an additional 203,297 shares in the last quarter. 36.45% of the stock is currently owned by institutional investors.

About Putnam Premier Income Trust (Get Rating)

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.

See Also

Dividend History for Putnam Premier Income Trust (NYSE:PPT)

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