Putnam Mast Int (NYSE:PIM) Plans $0.02 Monthly Dividend

Putnam Mast Int (NYSE:PIM) declared a monthly dividend on Wednesday, August 5th. Shareholders of record on Friday, November 20th will be given a dividend of 0.022 per share on Monday, November 30th. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend is Friday, November 20th.

Putnam Mast Int Stock Up 0.2%

Shares of NYSE:PIM opened at $3.13 on Thursday. Putnam Mast Int has a 12-month low of $3.07 and a 12-month high of $3.50. The business’s 50 day moving average is $3.17 and its 200 day moving average is $3.22.

Institutional Trading of Putnam Mast Int

A number of institutional investors and hedge funds have recently modified their holdings of the business. Weaver Consulting Group increased its position in Putnam Mast Int by 20.0% in the fourth quarter. Weaver Consulting Group now owns 42,000 shares of the company’s stock worth $140,000 after buying an additional 7,000 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Putnam Mast Int during the second quarter valued at about $25,000. WealthTrust Axiom LLC lifted its stake in Putnam Mast Int by 11.3% in the 4th quarter. WealthTrust Axiom LLC now owns 108,000 shares of the company’s stock worth $361,000 after purchasing an additional 11,000 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Putnam Mast Int in the fourth quarter worth $45,000. Finally, Northstar Financial Companies Inc. bought a new stake in shares of Putnam Mast Int during the 1st quarter valued at about $49,000. 55.06% of the stock is owned by hedge funds and other institutional investors.

Putnam Mast Int Company Profile

Putnam Master International (NYSE:PIM) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in equity securities of non-U.S. companies. The fund maintains a diversified portfolio spanning developed and emerging markets, with a focus on identifying businesses offering strong growth potential, attractive valuations and sound corporate governance. Shares of PIM trade on the NYSE, providing investors with a fixed capital structure and the opportunity to gain exposure to global equity markets through a single vehicle.

The fund’s investment team, managed by Putnam Retail Management LP, conducts bottom-up fundamental analysis to select holdings across multiple industries and geographies.