Putnam Master Intermediate Income Trust (NYSE:PIM – Get Free Report) announced a monthly dividend on Monday, September 30th, Wall Street Journal reports. Stockholders of record on Thursday, October 24th will be given a dividend of 0.022 per share on Friday, November 1st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 7.74%. The ex-dividend date is Thursday, October 24th.
Putnam Master Intermediate Income Trust has increased its dividend payment by an average of 9.5% per year over the last three years.
Putnam Master Intermediate Income Trust Stock Down 0.3 %
PIM traded down $0.01 on Wednesday, reaching $3.41. The company had a trading volume of 49,395 shares, compared to its average volume of 59,027. Putnam Master Intermediate Income Trust has a fifty-two week low of $2.90 and a fifty-two week high of $3.45. The company’s fifty day moving average is $3.34 and its 200 day moving average is $3.24.
About Putnam Master Intermediate Income Trust
Putnam Master Intermediate 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 fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors.
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