| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 2/6 |
| Dividends | 2/6 |
PPT Stock Overview
Putnam Premier Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$4.25 |
| 52 Week High | US$4.89 |
| 52 Week Low | US$4.23 |
| Beta | 0.33 |
| 1 Month Change | -0.24% |
| 3 Month Change | -5.56% |
| 1 Year Change | -8.21% |
| 3 Year Change | -13.09% |
| 5 Year Change | -15.17% |
| Change since IPO | -47.69% |
Recent News & Updates
PPT Multisector Bond CEF - Only Buy A Dip
PPT is a multisector bond CEF that focuses on agency pass-throughs and CMBS securities. The fund has a 6.78% yield which is currently unsupported. The fund is currently trading at a premium with a high Z-Stat.
Putnam Premier Income Trust declares $0.026 dividend
Putnam Premier Income Trust (PPT) declares $0.026/share quarterly dividend, in line with previous.Forward yield 2.25%Payable March 1; for shareholders of record Feb. 23; ex-div Feb. 22.Payable April 1; for shareholders of record March. 24; ex-div March. 23.See PPT Dividend Scorecard, Yield Chart, & Dividend Growth.
Putnam Premier Income Trust declares $0.026 dividend
Putnam Premier Income Trust (PPT) declares $0.026/share monthly dividend, -25.7% decrease from prior dividend of $0.035.Forward yield 6.74%Payable Jan. 4; for shareholders of record Dec. 23; ex-div Dec. 22.Payable Feb. 1; for shareholders of record Jan. 22; ex-div Jan. 21.See PPT Dividend Scorecard, Yield Chart, & Dividend Growth.
Putnam Premier Income Trust declares $0.035 dividend
Putnam Premier Income Trust (PPT) declares $0.035/share monthly dividend, in line with previous.Forward yield 9.06%Payable Dec. 1; for shareholders of record Nov. 24; ex-div Nov. 23.See PPT Dividend Scorecard, Yield Chart, & Dividend Growth.
Shareholder Returns
| PPT | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -2.7% | -1.6% | -0.5% |
| 1Y | -8.2% | 30.2% | 13.7% |
Return vs Industry: PPT underperformed the US Capital Markets industry which returned 30.2% over the past year.
Return vs Market: PPT underperformed the US Market which returned 13.7% over the past year.
Price Volatility
| PPT volatility | |
|---|---|
| PPT Average Weekly Movement | 1.7% |
| Capital Markets Industry Average Movement | 0.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.9% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: PPT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: PPT's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1988 | n/a | n/a | https://www.putnam.com/individual/mutual-funds/closed-end-funds/funds/80-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.
Putnam Premier Income Trust Fundamentals Summary
| PPT fundamental statistics | |
|---|---|
| Market Cap | US$434.40m |
| Earnings (TTM) | US$17.03m |
| Revenue (TTM) | US$25.66m |
25.5x
P/E Ratio16.9x
P/S RatioIs PPT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PPT income statement (TTM) | |
|---|---|
| Revenue | US$25.66m |
| Cost of Revenue | US$0 |
| Gross Profit | US$25.66m |
| Expenses | US$8.63m |
| Earnings | US$17.03m |
Last Reported Earnings
Jul 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.17 |
| Gross Margin | 100.00% |
| Net Profit Margin | 66.36% |
| Debt/Equity Ratio | 3.9% |
How did PPT perform over the long term?
See historical performance and comparisonDividends
7.3%
Current Dividend Yield209%
Payout RatioDoes PPT pay a reliable dividends?
See PPT dividend history and benchmarks| Putnam Premier Income Trust dividend dates | |
|---|---|
| Ex Dividend Date | Jan 21 2022 |
| Dividend Pay Date | Feb 01 2022 |
| Days until Ex dividend | 4 days |
| Days until Dividend pay date | 15 days |
Does PPT pay a reliable dividends?
See PPT dividend history and benchmarksValuation
Is Putnam Premier Income Trust undervalued compared to its fair value and its price relative to the market?
25.51x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PPT ($4.25) is trading above our estimate of fair value ($0.53)
Significantly Below Fair Value: PPT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PPT is poor value based on its PE Ratio (25.5x) compared to the US Capital Markets industry average (15.9x).
PE vs Market: PPT is poor value based on its PE Ratio (25.5x) compared to the US market (17.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PPT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PPT is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (42.4x).
Future Growth
How is Putnam Premier Income Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
3.7%
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Putnam Premier Income Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has Putnam Premier Income Trust performed over the past 5 years?
-29.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PPT has a large one-off loss of $8.1M impacting its July 31 2021 financial results.
Growing Profit Margin: PPT became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: PPT has become profitable over the past 5 years, growing earnings by -29.8% per year.
Accelerating Growth: PPT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PPT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (86.4%).
Return on Equity
High ROE: PPT's Return on Equity (3.6%) is considered low.
Financial Health
How is Putnam Premier Income Trust's financial position?
Financial Position Analysis
Short Term Liabilities: PPT's short term assets ($174.8M) do not cover its short term liabilities ($543.2M).
Long Term Liabilities: PPT's short term assets ($174.8M) exceed its long term liabilities ($17.1M).
Debt to Equity History and Analysis
Debt Level: PPT's net debt to equity ratio (3.8%) is considered satisfactory.
Reducing Debt: PPT's debt to equity ratio has increased from 0.5% to 3.9% over the past 5 years.
Debt Coverage: Insufficient data to determine if PPT's debt is well covered by operating cash flow.
Interest Coverage: PPT's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
Dividend
What is Putnam Premier Income Trust current dividend yield, its reliability and sustainability?
7.34%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: PPT's dividend (7.34%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: PPT's dividend (7.34%) is in the top 25% of dividend payers in the US market (3.44%)
Stability and Growth of Payments
Stable Dividend: PPT's dividend payments have been volatile in the past 10 years.
Growing Dividend: PPT's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (208.9%), PPT's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Management
How experienced are the management team and are they aligned to shareholders interests?
18.1yrs
Average board tenure
CEO
Putnam Premier Income Trust has no CEO, or we have no data on them.
Board Members
Experienced Board: PPT's board of directors are seasoned and experienced ( 18.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Putnam Premier Income Trust's employee growth, exchange listings and data sources
Key Information
- Name: Putnam Premier Income Trust
- Ticker: PPT
- Exchange: NYSE
- Founded: 1988
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$434.402m
- Shares outstanding: 102.21m
- Website: https://www.putnam.com/individual/mutual-funds/closed-end-funds/funds/80-premier-income-trust
Location
- Putnam Premier Income Trust
- 100 Federal Street
- Boston
- Massachusetts
- 2110
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/16 23:21 |
| End of Day Share Price | 2022/01/14 00:00 |
| Earnings | 2021/07/31 |
| Annual Earnings | 2021/07/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.