Putnam Mast Int (NYSE:PIM) Declares Monthly Dividend of $0.02

Putnam Mast Int (NYSE:PIM) announced a monthly dividend on Thursday, May 14th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of 0.022 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date is Tuesday, June 23rd.

Putnam Mast Int Price Performance

NYSE PIM remained flat at $3.20 during trading hours on Thursday. The company’s stock had a trading volume of 10,638 shares, compared to its average volume of 87,318. The company’s 50-day simple moving average is $3.23 and its 200 day simple moving average is $3.29. Putnam Mast Int has a 12 month low of $3.14 and a 12 month high of $3.50.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PIM. Raymond James Financial Inc. purchased a new position in shares of Putnam Mast Int in the 2nd quarter valued at about $25,000. Landscape Capital Management L.L.C. purchased a new position in shares of Putnam Mast Int in the 4th quarter valued at about $45,000. Northstar Financial Companies Inc. purchased a new position in shares of Putnam Mast Int in the 1st quarter valued at about $49,000. M3 Wealth Management LLC purchased a new position in shares of Putnam Mast Int in the 4th quarter valued at about $68,000. Finally, Integrity Advisory Solutions LLC purchased a new position in shares of Putnam Mast Int in the 4th quarter valued at about $73,000. Hedge funds and other institutional investors own 55.06% of the company’s stock.

About Putnam Mast Int

Putnam Master International (NYSE:PIM) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in equity securities of non-U.S. companies. The fund maintains a diversified portfolio spanning developed and emerging markets, with a focus on identifying businesses offering strong growth potential, attractive valuations and sound corporate governance. Shares of PIM trade on the NYSE, providing investors with a fixed capital structure and the opportunity to gain exposure to global equity markets through a single vehicle.

The fund’s investment team, managed by Putnam Retail Management LP, conducts bottom-up fundamental analysis to select holdings across multiple industries and geographies.