Putnam Premier Income Trust (NYSE:PPT) declared a monthly dividend on Friday, September 20th, Zacks reports. Shareholders of record on Thursday, October 24th will be paid a dividend of 0.035 per share by the investment management company on Friday, November 1st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 7.92%. The ex-dividend date of this dividend is Wednesday, October 23rd.
Shares of NYSE:PPT opened at $5.30 on Monday. The company’s 50 day moving average price is $5.27 and its two-hundred day moving average price is $5.20. Putnam Premier Income Trust has a 12-month low of $4.56 and a 12-month high of $5.35.
In other news, insider D William Kohli sold 52,300 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $5.30, for a total transaction of $277,190.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Putnam Premier Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the public fixed income markets across the globe. The fund primarily invests in U.S. high-grade and high-yield bonds with an average credit quality of BBB by S&P Corporation.
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