Franklin Premier Income Trust
PPTFinancial Services · Stock · monthly payer
Forward Yield
9.12%
Annual Dividend
$0.31
Payout Ratio
101%
5-Yr Growth
-5.4%
Ex-Date
Jul 24, 2026
Frequency
Monthly
Summary
As of July 2026, Franklin Premier Income Trust (PPT) yields 9.12% ($0.31 per share annually), with a blended fair-value estimate of $4.23 — +24% upside, so it screens as undervalued. Dividend safety grade: C (61/100).
Is PPT a good dividend stock?
Yes, with caveatsFranklin Premier Income Trust (PPT) pays a monthly dividend yielding 9.12% ($0.31/yr), with 0 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
- 9.12%
- Payout Ratio
- 101%
- Annual Dividend
- $0.31
- 5-Yr Avg Growth
- -5.4%
- Ex-Dividend Date
- Jul 24, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.26
- Market Cap
- $327.3M
- P/E Ratio
- 11.0
- 5-Yr Total Return
- -25%
- 52-Week Range
- $3.41 – $3.77
- Dividend Safety
- C · 61/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
PPT Price — Last 12 Months
Daily close
Price Return
1 Year
-7%
3 Years
-3%
5 Years
-25%
52-Week Range
$3.41 – $3.77
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PPT worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Franklin Premier Income Trust is $4.23 per share, versus a market price of $3.42. That implies 24% of upside — a margin of safety of about 19%.
Fair Value
$4.23
Current Price
$3.42
Upside
+24%
Margin of Safety
19%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 7.0% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.31 EPS, $0.31 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PPT Dividend Safety Score
Borderline
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
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 23, 2026 | — | $0.0260 | regular |
| 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 |
Income Calculator
At $0.31 / yr per share
