Dividend Worth Watching: Putnam Premier Income Trust (NYSE:PPT) gearing towards $0.03 dividends on Nov 1, 2016.

Dividend Worth Watching: Putnam Premier Income Trust (NYSE:PPT) gearing towards $0.03 dividends on Nov 1, 2016.

Putnam Premier Income Trust (NYSE:PPT) is expected to pay $0.03 on Nov 1, 2016. The indicated annual dividend is $0.31. Shareholders owning the stock before Oct 20, 2016 will be eligible to receive the payout. Based on Putnam Premier Income Trust’s current price of $4.82, the dividend is 0.54%. This dividend’s record date is Oct 24, 2016 and the announcement date is Sep 19, 2016. The stock decreased 0.62% or $0.03 on October 18, hitting $4.82. Putnam Premier Income Trust (NYSE:PPT) has risen 1.69% since March 16, 2016 and is uptrending. It has underperformed by 3.86% the S&P500.

Putnam Premier Income Trust is a closed-end fund seeking high current income by investing in a range of fixed-income securities globally. The company has a market cap of $537.13 million. The investment objective of the Fund is to seek to provide high current income. It currently has negative earnings. The Company’s portfolio includes agency pass-through, commercial mortgage-backed securities (MBSs), high-yield corporate bonds, agency collateralized mortgage obligations (CMOs), emerging-market bonds, residential MBS (non-agency), international treasury/agency, investment-grade corporate bonds, bank loans and equity investments.

Insitutional Activity: The institutional sentiment increased to 0.9 in 2016 Q2. Its up 0.25, from 0.65 in 2016Q1. The ratio increased, as 9 funds sold all Putnam Premier Income Trust shares owned while 21 reduced positions. 12 funds bought stakes while 15 increased positions. They now own 33.66 million shares or 7.14% less from 36.24 million shares in 2016Q1.
Wells Fargo And Communication Mn holds 2.64M shares or 0% of its portfolio. Smith Moore has invested 0.11% of its portfolio in Putnam Premier Income Trust (NYSE:PPT). Moreover, National Bank Of America Corporation De has 0% invested in Putnam Premier Income Trust (NYSE:PPT) for 430,625 shares. Private Advisor Gp Ltd accumulated 10,966 shares or 0% of the stock. Texan Capital last reported 0.12% of its portfolio in the stock. Kcg Holding holds 0.01% of its portfolio in Putnam Premier Income Trust (NYSE:PPT) for 52,152 shares. Benjamin F Edwards has invested 0% of its portfolio in Putnam Premier Income Trust (NYSE:PPT). Rivernorth Ltd Limited Liability Company accumulated 218,600 shares or 0.07% of the stock. Trust Asset Mgmt Lc holds 0.37% of its portfolio in Putnam Premier Income Trust (NYSE:PPT) for 165,204 shares. Cambridge Investment Research Advisors holds 19,010 shares or 0% of its portfolio. Tradewinds Management Limited Liability Com owns 3,150 shares or 0.01% of their US portfolio. Raymond James Trust Na has 0.02% invested in the company for 41,337 shares. Lpl Fincl Limited Liability Com owns 81,221 shares or 0% of their US portfolio. Independence Tru owns 10,274 shares or 0.07% of their US portfolio. Two Sigma Secs Ltd Liability Corp holds 0.09% of its portfolio in Putnam Premier Income Trust (NYSE:PPT) for 34,777 shares.

More important recent Putnam Premier Income Trust (NYSE:PPT) news were published by: Nasdaq.com which released: “Putnam Premier Income Trust (PPT) Ex-Dividend Date Scheduled for August 22, 2016” on August 19, 2016, also Barrons.com published article titled: “9 Closed-End Funds With Yields of Up to 10%”, Businesswire.com published: “Putnam Announces Distribution Rates for Closed-End Funds” on January 09, 2013. More interesting news about Putnam Premier Income Trust (NYSE:PPT) was released by: Businesswire.com and their article: “Putnam Announces New Fixed Income Leadership Team” with publication date: February 28, 2011.

PPT Company Profile

Putnam Premier Income Trust (the Fund), incorporated on January 14, 1988, is a closed-end fund seeking high current income by investing in a range of fixed-income securities globally. The investment objective of the Fund is to seek to provide high current income. The Fund’s portfolio includes agency pass-through, commercial mortgage-backed securities (MBSs), high-yield corporate bonds, agency collateralized mortgage obligations (CMOs), emerging-market bonds, residential MBS (non-agency), international treasury/agency, investment-grade corporate bonds, bank loans and equity investments.

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