Putnam Master Intermediate Income Trust to Issue Monthly Dividend of $0.02 (NYSE:PIM)

Putnam Master Intermediate Income Trust (NYSE:PIM) announced a monthly dividend on Wednesday, August 7th, Wall Street Journal reports. Stockholders of record on Tuesday, September 24th will be given a dividend of 0.022 per share on Tuesday, October 1st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 8.10%. The ex-dividend date of this dividend is Tuesday, September 24th.

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

Putnam Master Intermediate Income Trust Trading Down 0.3 %

PIM stock traded down $0.01 during midday trading on Wednesday, reaching $3.26. 113,337 shares of the stock were exchanged, compared to its average volume of 53,133. The company has a fifty day moving average price of $3.23 and a 200 day moving average price of $3.20. Putnam Master Intermediate Income Trust has a 52 week low of $2.90 and a 52 week high of $3.36.

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.