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

Putnam Master Intermediate Income Trust (NYSE:PIM) announced a monthly dividend on Tuesday, July 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, July 24th will be given a dividend of 0.022 per share on Thursday, August 1st. This represents a $0.26 annualized dividend and a yield of 8.25%. The ex-dividend date is Wednesday, July 24th.

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

Putnam Master Intermediate Income Trust Price Performance

PIM stock traded down $0.03 during midday trading on Tuesday, hitting $3.20. 40,384 shares of the company’s stock were exchanged, compared to its average volume of 54,560. The firm has a 50 day moving average price of $3.17 and a 200-day moving average price of $3.19. Putnam Master Intermediate Income Trust has a 12-month low of $2.90 and a 12-month 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.