Putnam Premier Income Trust (NYSE:PPT – Get Free Report) announced a monthly dividend on Thursday, May 14th. Stockholders of record on Tuesday, June 23rd will be given a dividend of 0.026 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend is Tuesday, June 23rd.
Putnam Premier Income Trust Price Performance
Shares of PPT opened at $3.44 on Friday. Putnam Premier Income Trust has a one year low of $3.41 and a one year high of $3.77. The business’s 50 day simple moving average is $3.48 and its 200-day simple moving average is $3.54.
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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