Putnam Premier Income Trust (NYSE:PPT) announced a monthly dividend on Monday, April 15th, Wall Street Journal reports. Shareholders of record on Wednesday, April 24th will be paid a dividend of 0.035 per share by the investment management company on Wednesday, May 1st. This represents a $0.42 dividend on an annualized basis and a yield of 8.09%. The ex-dividend date of this dividend is Tuesday, April 23rd.
Putnam Premier Income Trust stock traded down $0.05 during trading hours on Monday, reaching $5.19. 198,535 shares of the company’s stock were exchanged, compared to its average volume of 214,039. Putnam Premier Income Trust has a twelve month low of $4.56 and a twelve month high of $5.50.
In other news, insider D William Kohli sold 21,916 shares of the 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
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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.
Further Reading: Special Dividends
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