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

Posted by Grant Hamersma on Jun 9th, 2025

Putnam Premier Income Trust (NYSE:PPT – Get Free Report) announced a monthly dividend on Monday, June 9th, Wall Street Journal reports. Stockholders of record on Monday, June 16th will be paid a dividend of 0.026 per share by the investment management company on Monday, June 30th. This represents a $0.31 annualized dividend and a dividend yield of 8.51%. The ex-dividend date is Monday, June 16th.

Putnam Premier Income Trust Stock Up 0.1%

PPT traded up $0.01 on Monday, hitting $3.67. 270,845 shares of the company traded hands, compared to its average volume of 169,016. Putnam Premier Income Trust has a 12-month low of $3.40 and a 12-month high of $3.74. The company has a 50 day moving average of $3.60 and a 200-day moving average of $3.59.

Institutional Investors Weigh In On Putnam Premier Income Trust

Several large investors have recently modified their holdings of the stock. Baird Financial Group Inc. purchased a new position in Putnam Premier Income Trust in the 1st quarter valued at $80,000. Integrated Wealth Concepts LLC boosted its holdings in Putnam Premier Income Trust by 2.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 114,650 shares of the investment management company’s stock valued at $414,000 after purchasing an additional 2,833 shares in the last quarter. Finally, Royal Bank of Canada increased its position in Putnam Premier Income Trust by 9.0% during the 1st quarter. Royal Bank of Canada now owns 190,812 shares of the investment management company’s stock worth $689,000 after purchasing an additional 15,743 shares during the period. Hedge funds and other institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Company Profile

(Get Free Report)

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.