Putnam Master Intermediate Income Trust (NYSE:PIM – Get Free Report) announced a monthly dividend on Monday, December 9th,Wall Street Journal reports. Investors 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 annualized dividend and a yield of 8.10%. The ex-dividend date of this dividend is Monday, December 23rd.
Putnam Master Intermediate Income Trust has increased its dividend by an average of 9.5% annually over the last three years.
Putnam Master Intermediate Income Trust Stock Performance
NYSE PIM opened at $3.26 on Friday. Putnam Master Intermediate Income Trust has a 1-year low of $3.04 and a 1-year high of $3.45. The stock’s 50 day simple moving average is $3.28 and its 200-day simple moving average is $3.29.
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.
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