Putnam Premier Income Trust (NYSE:PPT – Get Free Report) announced a monthly dividend on Wednesday, August 5th. Stockholders of record on Friday, November 20th will be given a dividend of 0.026 per share by the investment management company on Monday, November 30th. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend is Friday, November 20th.
Putnam Premier Income Trust Stock Performance
Putnam Premier Income Trust stock opened at $3.44 on Friday. Putnam Premier Income Trust has a one year low of $3.37 and a one year high of $3.77. The business has a 50 day simple moving average of $3.44 and a 200 day simple moving average of $3.51.
About Putnam Premier Income Trust
Putnam Premier Income Trust (NYSE:PPT) is a diversified closed-end management investment company that seeks to provide current income with a secondary objective of capital appreciation. The trust pursues income through a portfolio of domestic and international fixed-income and equity securities, including high-yield corporate bonds, investment-grade debt, preferred securities and dividend-paying stocks. Its investment strategy emphasizes diversification across credit quality, sector and geography to balance income generation with risk management.
The fund employs leverage, including borrowing and preferred shares, to enhance its income potential within regulatory limits.
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