Putnam Premier Income Trust (NYSE:PPT – Get Free Report) declared a monthly dividend on Thursday, May 14th. Stockholders of record on Friday, July 24th will be given a dividend of 0.026 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Friday, July 24th.
Putnam Premier Income Trust Trading Down 0.7%
Putnam Premier Income Trust stock opened at $3.47 on Friday. The firm’s 50 day moving average price is $3.52 and its two-hundred day moving average price is $3.57. Putnam Premier Income Trust has a twelve month low of $3.42 and a twelve month high of $3.77.
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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