Putnam Premier Income Trust (NYSE:PPT – Get Free Report) announced a monthly dividend on Thursday, May 14th. Investors of record on Monday, August 24th will be paid a dividend of 0.026 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend is Monday, August 24th.
Putnam Premier Income Trust Stock Performance
Shares of PPT stock opened at $3.47 on Friday. The firm’s 50 day moving average is $3.52 and its 200 day moving average is $3.57. Putnam Premier Income Trust has a 12-month low of $3.42 and a 12-month high of $3.77.
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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