Putnam Premier Income Trust
PPTFinancial Services · Stock · monthly payer
$3.47
Add to PortfolioForward Yield
8.99%
Annual Dividend
$0.31
Payout Ratio
101%
5-Yr Growth
-5.8%
Ex-Date
Jun 23, 2026
Frequency
Monthly
PPT Dividend Safety Score
59/ 100
Grade C
Borderline
Dividend-growth streak4 consecutive years of growth
Cut historyCut its dividend in 2021
Earnings payout coverage101% of earnings paid out
Yield vs its historyYield in line with its history
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is PPT a good dividend stock?
Yes, with caveatsPutnam Premier Income Trust (PPT) pays a monthly dividend yielding 8.99% ($0.31/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2021
- Elevated payout ratio (101%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 8.99%
- Payout Ratio
- 101%
- Annual Dividend
- $0.31
- 5-Yr Avg Growth
- -5.8%
- Ex-Dividend Date
- Jun 23, 2026
- Years of Growth
- 4
- Frequency
- monthly
- Beta
- 0.27
- Market Cap
- $331.6M
- P/E Ratio
- 11.2
- 5-Yr Total Return
- -26%
- 52-Week Range
- $3.41 – $3.77
- Dividend Safety
- C · 59/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 21, 2026 | — | $0.0260 | regular |
| Apr 23, 2026 | — | $0.0260 | regular |
| Mar 24, 2026 | — | $0.0260 | regular |
| Feb 20, 2026 | — | $0.0260 | regular |
| Jan 23, 2026 | — | $0.0260 | regular |
| Dec 15, 2025 | — | $0.0260 | regular |
| Nov 17, 2025 | — | $0.0260 | regular |
| Oct 17, 2025 | — | $0.0260 | regular |
| Sep 18, 2025 | — | $0.0260 | regular |
| Aug 18, 2025 | — | $0.0260 | regular |
| Jul 18, 2025 | — | $0.0260 | regular |
| Jun 16, 2025 | — | $0.0260 | regular |
| May 19, 2025 | — | $0.0260 | regular |
| Apr 17, 2025 | — | $0.0260 | regular |
Income Calculator
At $0.31 / yr per share
Per payment (monthly)$2.58
Annual$31.00
Monthly avg$2.58
