Putnam Master Intermediate Income Trust (NYSE:PIM) Declares $0.02 Monthly Dividend

Putnam Master Intermediate Income Trust (NYSE:PIM) announced a monthly dividend on Monday, April 22nd, Wall Street Journal reports. Shareholders of record on Friday, May 24th will be paid a dividend of 0.022 per share on Monday, June 3rd. This represents a $0.26 dividend on an annualized basis and a yield of 8.49%. The ex-dividend date of this dividend is Thursday, May 23rd.

Putnam Master Intermediate Income Trust has decreased its dividend payment by an average of 9.1% annually over the last three years.

Putnam Master Intermediate Income Trust Trading Up 0.3 %

Shares of PIM stock opened at $3.11 on Tuesday. The stock has a 50 day simple moving average of $3.17 and a two-hundred day simple moving average of $3.14. Putnam Master Intermediate Income Trust has a fifty-two week low of $2.90 and a fifty-two week high of $3.28.

Putnam Master Intermediate Income Trust Company Profile

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.