Putnam Master Intermediate Income Trust (NYSE:PIM – Get Free Report) announced a monthly dividend on Tuesday, December 10th,Wall Street Journal reports. Stockholders 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 dividend yield of 7.95%. 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 Price Performance
NYSE PIM remained flat at $3.32 during trading hours on Tuesday. 28,379 shares of the company traded hands, compared to its average volume of 62,357. Putnam Master Intermediate Income Trust has a 52-week low of $3.04 and a 52-week high of $3.45. The stock has a 50-day moving average of $3.30 and a 200-day moving average of $3.29.
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.
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