Putnam Master Intermediate Income Trust (NYSE:PIM – Get Free Report) announced a monthly dividend on Tuesday, February 11th,Wall Street Journal reports. Investors of record on Monday, February 24th will be given a dividend of 0.022 per share on Monday, March 3rd. This represents a $0.26 dividend on an annualized basis and a yield of 7.98%. The ex-dividend date is Monday, February 24th.
Putnam Master Intermediate Income Trust has raised its dividend by an average of 40.4% per year over the last three years.
Putnam Master Intermediate Income Trust Stock Performance
Shares of NYSE PIM remained flat at $3.31 during trading hours on Tuesday. The company had a trading volume of 40,412 shares, compared to its average volume of 43,660. Putnam Master Intermediate Income Trust has a twelve month low of $3.04 and a twelve month high of $3.45. The stock has a fifty day moving average price of $3.29 and a two-hundred day moving average price of $3.31.
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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