Putnam Premier Income Trust (NYSE:PPT – Get Free Report) announced a monthly dividend on Wednesday, August 5th. Investors of record on Wednesday, September 23rd will be paid a dividend of 0.026 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Wednesday, September 23rd.
Putnam Premier Income Trust Price Performance
Putnam Premier Income Trust stock opened at $3.42 on Thursday. Putnam Premier Income Trust has a fifty-two week low of $3.37 and a fifty-two week high of $3.77. The company’s 50 day simple moving average is $3.44 and its 200 day simple moving average is $3.51.
Putnam Premier Income Trust Company Profile
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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