Putnam Premier Income Trust (NYSE:PPT – Get Free Report) announced a monthly dividend on Thursday, May 14th. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.026 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date is Tuesday, June 23rd.
Putnam Premier Income Trust Stock Down 0.7%
Shares of NYSE PPT opened at $3.47 on Friday. Putnam Premier Income Trust has a twelve month low of $3.42 and a twelve month high of $3.77. The business has a fifty day simple moving average of $3.52 and a two-hundred day simple moving average of $3.57.
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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