Putnam Premier Income Trust (NYSE:PPT – Get Free Report) announced a monthly dividend on Monday, June 9th, Wall Street Journal reports. Stockholders of record on Monday, June 16th will be given a dividend of 0.026 per share by the investment management company on Monday, June 30th. This represents a $0.31 annualized dividend and a dividend yield of 8.51%. The ex-dividend date is Monday, June 16th.
Putnam Premier Income Trust Trading Down 0.4%
Shares of PPT stock opened at $3.67 on Wednesday. The firm has a fifty day moving average price of $3.61 and a 200 day moving average price of $3.59. Putnam Premier Income Trust has a 12 month low of $3.40 and a 12 month high of $3.74.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Baird Financial Group Inc. purchased a new position in shares of Putnam Premier Income Trust in the 1st quarter valued at about $80,000. Integrated Wealth Concepts LLC lifted its stake in Putnam Premier Income Trust by 2.5% during the first quarter. Integrated Wealth Concepts LLC now owns 114,650 shares of the investment management company’s stock worth $414,000 after purchasing an additional 2,833 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Putnam Premier Income Trust by 9.0% in the first quarter. Royal Bank of Canada now owns 190,812 shares of the investment management company’s stock valued at $689,000 after purchasing an additional 15,743 shares in the last quarter. 42.79% of the stock is owned by institutional investors and hedge funds.
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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