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.

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

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