Putnam Premier Income Trust (NYSE:PPT) declared a monthly dividend on Monday, May 20th, Wall Street Journal reports. Investors of record on Monday, June 24th will be paid a dividend of 0.035 per share by the investment management company on Monday, July 1st. This represents a $0.42 annualized dividend and a dividend yield of 8.24%. The ex-dividend date of this dividend is Friday, June 21st.
Shares of NYSE PPT opened at $5.10 on Tuesday. Putnam Premier Income Trust has a 1 year low of $4.56 and a 1 year high of $5.50.
In related news, insider D William Kohli sold 21,916 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $5.18, for a total transaction of $113,524.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
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.
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