Putnam Premier Income Trust (PPT) to Issue Monthly Dividend of $0.03 on May 1st

Putnam Premier Income Trust (NYSE:PPT) announced a monthly dividend on Monday, March 25th, Zacks reports. Stockholders of record on Wednesday, April 24th will be paid a dividend of 0.026 per share by the investment management company on Wednesday, May 1st. This represents a $0.31 annualized dividend and a dividend yield of 9.02%. The ex-dividend date of this dividend is Tuesday, April 23rd.

Putnam Premier Income Trust has decreased its dividend payment by an average of 8.8% annually over the last three years.

Putnam Premier Income Trust Stock Performance

Shares of NYSE:PPT opened at $3.46 on Friday. Putnam Premier Income Trust has a 12 month low of $3.25 and a 12 month high of $3.72. The company’s fifty day moving average price is $3.54 and its 200 day moving average price is $3.52.

Institutional Trading of Putnam Premier Income Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of Putnam Premier Income Trust by 4.0% in the 4th quarter. Royal Bank of Canada now owns 151,079 shares of the investment management company’s stock valued at $540,000 after purchasing an additional 5,768 shares during the period. LM Advisors LLC purchased a new position in Putnam Premier Income Trust during the 4th quarter worth $75,000. Nomura Holdings Inc. acquired a new stake in Putnam Premier Income Trust in the fourth quarter valued at about $59,000. Stifel Financial Corp boosted its holdings in Putnam Premier Income Trust by 16.4% in the 4th quarter. Stifel Financial Corp now owns 59,499 shares of the investment management company’s stock valued at $212,000 after purchasing an additional 8,391 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Putnam Premier Income Trust by 769.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 99,762 shares of the investment management company’s stock worth $356,000 after purchasing an additional 88,290 shares during the period. Institutional investors and hedge funds own 42.79% of the company’s stock.

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.