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 Monday, February 10th,Wall Street Journal reports. Stockholders 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 dividend yield of 7.98%. The ex-dividend date of this dividend is Monday, February 24th.

Putnam Master Intermediate Income Trust has increased its dividend payment by an average of 40.4% per year over the last three years.

Putnam Master Intermediate Income Trust Stock Performance

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. The firm has a fifty day moving average price of $3.29 and a 200-day moving average price of $3.31. Putnam Master Intermediate Income Trust has a 12 month low of $3.04 and a 12 month high of $3.45.

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.