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

Putnam Master Intermediate Income Trust (NYSE:PIM) announced a monthly dividend on Tuesday, October 1st, Wall Street Journal reports. Shareholders of record on Thursday, October 24th will be paid a dividend of 0.022 per share on Friday, November 1st. This represents a $0.26 annualized dividend and a yield of 7.72%. The ex-dividend date of this dividend is Thursday, October 24th.

Putnam Master Intermediate Income Trust has raised its dividend by an average of 9.5% annually over the last three years.

Putnam Master Intermediate Income Trust Stock Performance

Shares of PIM traded up $0.03 during midday trading on Tuesday, hitting $3.42. 32,082 shares of the stock traded hands, compared to its average volume of 59,068. The business’s 50 day moving average price is $3.34 and its two-hundred day moving average price is $3.24. Putnam Master Intermediate Income Trust has a 1-year low of $2.90 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.