Putnam Master Intermediate Income Trust (NYSE:PIM – Get Free Report) declared 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 dividend on an annualized basis and a dividend yield of 8.05%. The ex-dividend date is Friday, January 24th.
Putnam Master Intermediate Income Trust has raised its dividend by an average of 58.7% annually over the last three years.
Putnam Master Intermediate Income Trust Price Performance
Shares of NYSE PIM opened at $3.28 on Wednesday. The stock has a fifty day moving average price of $3.27 and a 200 day moving average price of $3.31. Putnam Master Intermediate Income Trust has a 1-year low of $3.04 and a 1-year 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.
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