Putnam Premier Income Trust (PPT) To Go Ex-Dividend on January 23rd

Putnam Premier Income Trust (NYSE:PPTGet Rating) declared a monthly dividend on Tuesday, November 22nd, Wall Street Journal reports. Shareholders of record on Tuesday, January 24th will be given a dividend of 0.026 per share by the investment management company on Wednesday, February 1st. This represents a $0.31 annualized dividend and a yield of 8.30%. The ex-dividend date of this dividend is Monday, January 23rd.

Putnam Premier Income Trust has decreased its dividend payment by an average of 1.9% per year over the last three years.

Putnam Premier Income Trust Stock Up 0.3 %

Shares of Putnam Premier Income Trust stock opened at $3.76 on Thursday. The company has a 50 day moving average of $3.62 and a 200-day moving average of $3.76. Putnam Premier Income Trust has a 1-year low of $3.46 and a 1-year high of $4.45.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its stake in shares of Putnam Premier Income Trust by 217.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,042 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 4,827 shares during the last quarter. Wealthsource Partners LLC bought a new position in Putnam Premier Income Trust in the third quarter valued at about $41,000. B. Riley Wealth Advisors Inc. acquired a new position in Putnam Premier Income Trust during the third quarter worth about $46,000. Citadel Advisors LLC bought a new position in shares of Putnam Premier Income Trust in the third quarter worth about $46,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Putnam Premier Income Trust in the 2nd quarter valued at approximately $57,000. 28.43% of the stock is currently owned by institutional investors and hedge funds.

Putnam Premier Income Trust Company Profile

(Get Rating)

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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Dividend History for Putnam Premier Income Trust (NYSE:PPT)

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