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PPT

Putnam Premier Income TrustNYSE:PPT Stock Report

Last Price

US$4.25

Market Cap

US$434.4m

7D

-2.7%

1Y

-8.2%

Updated

16 Jan, 2022

Data

Company Financials
PPT fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends2/6

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

Summary of all time highs, changes and price drops for Putnam Premier Income Trust
Historical stock prices
Current Share PriceUS$4.25
52 Week HighUS$4.89
52 Week LowUS$4.23
Beta0.33
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

Oct 13

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.

Jan 29

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.

Nov 20

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.

Nov 10

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

PPTUS Capital MarketsUS 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

Is PPT's price volatile compared to industry and market?
PPT volatility
PPT Average Weekly Movement1.7%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

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

FoundedEmployeesCEOWebsite
1988n/an/ahttps://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

How do Putnam Premier Income Trust's earnings and revenue compare to its market cap?
PPT fundamental statistics
Market CapUS$434.40m
Earnings (TTM)US$17.03m
Revenue (TTM)US$25.66m

25.5x

P/E Ratio

16.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PPT income statement (TTM)
RevenueUS$25.66m
Cost of RevenueUS$0
Gross ProfitUS$25.66m
ExpensesUS$8.63m
EarningsUS$17.03m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.17
Gross Margin100.00%
Net Profit Margin66.36%
Debt/Equity Ratio3.9%

How did PPT perform over the long term?

See historical performance and comparison

Dividends

7.3%

Current Dividend Yield

209%

Payout Ratio

Does PPT pay a reliable dividends?

See PPT dividend history and benchmarks
When do you need to buy PPT by to receive an upcoming dividend?
Putnam Premier Income Trust dividend dates
Ex Dividend DateJan 21 2022
Dividend Pay DateFeb 01 2022
Days until Ex dividend4 days
Days until Dividend pay date15 days

Does PPT pay a reliable dividends?

See PPT dividend history and benchmarks

Valuation

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

TodayJan 17 2022Ex Dividend DateJan 21 2022Dividend Pay DateFeb 01 202211 days from Ex DividendBuy in the next 4 days to receive the upcoming dividend

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


Location

  • Putnam Premier Income Trust
  • 100 Federal Street
  • Boston
  • Massachusetts
  • 2110
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/16 23:21
End of Day Share Price2022/01/14 00:00
Earnings2021/07/31
Annual Earnings2021/07/31


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.