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

Putnam Master Intermediate Income Trust (NYSE:PIM) declared a monthly dividend on Thursday, January 9th,Wall Street Journal reports. Stockholders of record on Friday, January 24th will be paid a dividend of 0.022 per share on Monday, February 3rd. This represents a $0.26 annualized dividend 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 Stock Performance

Shares of PIM stock remained flat at $3.28 on Thursday. The company had a trading volume of 33,314 shares, compared to its average volume of 29,403. The stock’s fifty day moving average is $3.27 and its two-hundred day moving average is $3.30. Putnam Master Intermediate Income Trust has a twelve month low of $3.04 and a twelve 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.