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

Putnam Premier Income Trust (NYSE:PPT – Get Rating) announced a monthly dividend on Monday, May 23rd, Wall Street Journal reports. Stockholders of record on Friday, June 24th will be paid a dividend of 0.026 per share by the investment management company on Friday, July 1st. This represents a $0.31 annualized dividend and a dividend yield of 8.17%. The ex-dividend date of this dividend is Thursday, June 23rd.

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

NYSE PPT traded down $0.03 on Monday, reaching $3.82. The company had a trading volume of 128,087 shares, compared to its average volume of 270,045. The firm’s 50 day moving average price is $3.91 and its 200 day moving average price is $4.10. Putnam Premier Income Trust has a 12 month low of $3.76 and a 12 month high of $4.82.

Institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in shares of Putnam Premier Income Trust by 217.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,042 shares of the investment management company’s stock worth $28,000 after buying an additional 4,827 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Putnam Premier Income Trust during the 4th quarter worth about $46,000. Cetera Advisor Networks LLC boosted its stake in shares of Putnam Premier Income Trust by 12.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 103,121 shares of the investment management company’s stock worth $411,000 after purchasing an additional 11,295 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Putnam Premier Income Trust during the 4th quarter worth about $555,000. Finally, Invesco Ltd. boosted its stake in shares of Putnam Premier Income Trust by 19.0% during the 1st quarter. Invesco Ltd. now owns 1,273,011 shares of the investment management company’s stock worth $5,079,000 after purchasing an additional 203,297 shares during the period. Hedge funds and other institutional investors own 36.45% of the company’s stock.

Putnam Premier Income Trust Company Profile (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.

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