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

Putnam Master Intermediate Income Trust (NYSE:PIM) announced a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Stockholders of record on Friday, January 24th will be given a dividend of 0.022 per share on Monday, February 3rd. This represents a $0.26 annualized dividend and a dividend yield of 8.05%. The ex-dividend date is Friday, January 24th.

Putnam Master Intermediate Income Trust has raised its dividend payment by an average of 58.7% per year over the last three years.

Putnam Master Intermediate Income Trust Price Performance

Putnam Master Intermediate Income Trust stock remained flat at $3.28 during mid-day trading on Thursday. The company had a trading volume of 33,314 shares, compared to its average volume of 29,403. The firm’s 50 day moving average is $3.27 and its 200-day moving average is $3.30. Putnam Master Intermediate Income Trust has a fifty-two week low of $3.04 and a fifty-two week high of $3.45.

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.