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

Putnam Master Intermediate Income Trust (NYSE:PIM) announced a monthly dividend on Tuesday, April 8th, Wall Street Journal reports. Investors of record on Thursday, April 17th will be given a dividend of 0.022 per share on Wednesday, April 30th. This represents a $0.26 annualized dividend and a dividend yield of 8.21%. The ex-dividend date is Thursday, April 17th.

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 Price Performance

PIM stock traded up $0.04 during mid-day trading on Tuesday, reaching $3.22. The company had a trading volume of 103,158 shares, compared to its average volume of 59,857. Putnam Master Intermediate Income Trust has a fifty-two week low of $3.04 and a fifty-two week high of $3.45. The firm has a fifty day simple moving average of $3.30 and a 200 day simple moving average of $3.30.

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.