Putnam Premier Income Trust Announces Monthly Dividend of $0.04 (PPT)
Putnam Premier Income Trust (NYSE:PPT) announced a monthly dividend on Monday, April 15th, Wall Street Journal reports. Investors of record on Friday, May 24th will be paid a dividend of 0.035 per share by the investment management company on Monday, June 3rd. This represents a $0.42 annualized dividend and a yield of 8.09%. The ex-dividend date is Thursday, May 23rd.
NYSE:PPT traded down $0.05 during mid-day trading on Monday, hitting $5.19. 198,535 shares of the company’s stock traded hands, compared to its average volume of 214,039. Putnam Premier Income Trust has a 12 month low of $4.56 and a 12 month high of $5.50.
In related news, insider D William Kohli sold 21,916 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $5.18, for a total transaction of $113,524.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
TRADEMARK VIOLATION NOTICE: This article was first reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://theolympiareport.com/2019/04/15/putnam-premier-income-trust-announces-monthly-dividend-of-0-04-ppt.html.
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.
Recommended Story: What are gap-down stocks?
Receive News & Ratings for Putnam Premier Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Putnam Premier Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.