Putnam Premier Income Trust (NYSE:PPT) Plans Monthly Dividend of $0.03

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Putnam Premier Income Trust (NYSE:PPT) recently announced a monthly dividend of $0.026 per share, payable on May 29th to shareholders of record by May 21st, implying an annualized yield of about 8.6%. Shares traded down $0.01 to $3.62 following the announcement. The fund is a diversified closed-end investment trust focused on current income through a mix of fixed-income and equity securities, using leverage to enhance income potential.

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