Putnam Master Intermediate Income Trust (PIM) To Go Ex-Dividend on December 23rd

Putnam Master Intermediate Income Trust (NYSE:PIM) declared a monthly dividend on Monday, December 9th,Wall Street Journal reports. Stockholders of record on Monday, December 23rd will be given a dividend of 0.022 per share on Thursday, January 2nd. This represents a $0.26 dividend on an annualized basis and a dividend yield of 7.95%. The ex-dividend date of this dividend is Monday, December 23rd.

Putnam Master Intermediate Income Trust has raised its dividend payment by an average of 9.5% annually over the last three years.

Putnam Master Intermediate Income Trust Price Performance

Shares of NYSE PIM remained flat at $3.32 during mid-day trading on Wednesday. The stock had a trading volume of 42,330 shares, compared to its average volume of 62,276. The firm’s 50 day simple moving average is $3.30 and its two-hundred day simple moving average is $3.29. Putnam Master Intermediate Income Trust has a 1 year low of $3.04 and a 1 year high of $3.45.

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.