Putnam Master Intermediate Income Trust (PIM) to Issue Monthly Dividend of $0.02 on February 1st

Putnam Master Intermediate Income Trust (NYSE:PIMGet Rating) announced a monthly dividend on Wednesday, November 23rd, Wall Street Journal reports. Investors of record on Tuesday, January 24th will be given a dividend of 0.022 per share on Wednesday, February 1st. This represents a $0.26 annualized dividend and a dividend yield of 7.83%. The ex-dividend date is Monday, January 23rd.

Putnam Master Intermediate Income Trust has decreased its dividend by an average of 3.5% annually over the last three years.

Putnam Master Intermediate Income Trust Price Performance

Putnam Master Intermediate Income Trust stock opened at $3.37 on Friday. Putnam Master Intermediate Income Trust has a fifty-two week low of $3.17 and a fifty-two week high of $4.00. The firm has a fifty day moving average price of $3.30 and a two-hundred day moving average price of $3.39.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. lifted its position in Putnam Master Intermediate Income Trust by 22.2% during the 1st quarter. Invesco Ltd. now owns 639,874 shares of the company’s stock worth $2,291,000 after acquiring an additional 116,347 shares during the last quarter. Vident Investment Advisory LLC lifted its position in Putnam Master Intermediate Income Trust by 23.5% during the 1st quarter. Vident Investment Advisory LLC now owns 425,456 shares of the company’s stock worth $1,523,000 after acquiring an additional 80,820 shares during the last quarter. NewEdge Advisors LLC lifted its position in Putnam Master Intermediate Income Trust by 8.9% during the 2nd quarter. NewEdge Advisors LLC now owns 134,873 shares of the company’s stock worth $460,000 after acquiring an additional 10,996 shares during the last quarter. UBS Group AG lifted its position in Putnam Master Intermediate Income Trust by 28.3% during the 3rd quarter. UBS Group AG now owns 88,670 shares of the company’s stock worth $288,000 after acquiring an additional 19,570 shares during the last quarter. Finally, LPL Financial LLC lifted its position in Putnam Master Intermediate Income Trust by 6.7% during the 2nd quarter. LPL Financial LLC now owns 51,217 shares of the company’s stock worth $175,000 after acquiring an additional 3,201 shares during the last quarter. Institutional investors and hedge funds own 37.12% of the company’s stock.

About Putnam Master Intermediate Income Trust

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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.

Further Reading

Dividend History for Putnam Master Intermediate Income Trust (NYSE:PIM)

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