Putnam Premier Income Trust (NYSE:PPT) Declares $0.03 Monthly Dividend

Putnam Premier Income Trust (NYSE:PPT) announced a monthly dividend on Friday, October 27th, Zacks reports. Investors of record on Friday, November 24th will be paid a dividend of 0.026 per share by the investment management company on Friday, December 1st. This represents a $0.31 annualized dividend and a dividend yield of 9.12%. The ex-dividend date is Wednesday, November 22nd.

Putnam Premier Income Trust has decreased its dividend by an average of 9.4% annually over the last three years.

Putnam Premier Income Trust Stock Down 0.3 %

Shares of NYSE PPT opened at $3.42 on Monday. The stock has a fifty day moving average price of $3.38 and a 200 day moving average price of $3.50. Putnam Premier Income Trust has a 1-year low of $3.25 and a 1-year high of $3.91.

Institutional Investors Weigh In On Putnam Premier Income Trust

Several hedge funds have recently modified their holdings of the stock. Stifel Financial Corp lifted its holdings in shares of Putnam Premier Income Trust by 7.0% during the third quarter. Stifel Financial Corp now owns 51,108 shares of the investment management company’s stock worth $171,000 after purchasing an additional 3,331 shares during the period. NewEdge Advisors LLC lifted its holdings in Putnam Premier Income Trust by 3.0% in the second quarter. NewEdge Advisors LLC now owns 132,000 shares of the investment management company’s stock valued at $502,000 after acquiring an additional 3,900 shares during the period. Creative Planning lifted its holdings in Putnam Premier Income Trust by 34.6% in the fourth quarter. Creative Planning now owns 16,476 shares of the investment management company’s stock valued at $60,000 after acquiring an additional 4,239 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Putnam Premier Income Trust by 217.9% in the first quarter. Geneos Wealth Management Inc. now owns 7,042 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 4,827 shares during the period. Finally, Peapack Gladstone Financial Corp lifted its holdings in Putnam Premier Income Trust by 9.5% in the first quarter. Peapack Gladstone Financial Corp now owns 58,967 shares of the investment management company’s stock valued at $210,000 after acquiring an additional 5,132 shares during the period. 31.31% of the stock is owned by institutional investors and hedge funds.

About Putnam Premier Income Trust

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.