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, June 9th, Wall Street Journal reports. Shareholders of record on Monday, June 16th will be paid a dividend of 0.022 per share on Monday, June 30th. This represents a $0.26 annualized dividend and a yield of 7.93%. The ex-dividend date of this dividend is Monday, June 16th.

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

Putnam Master Intermediate Income Trust Price Performance

Shares of NYSE:PIM traded down $0.02 during trading on Monday, reaching $3.33. The company had a trading volume of 70,155 shares, compared to its average volume of 61,119. The company has a fifty day moving average of $3.29 and a two-hundred day moving average of $3.29. Putnam Master Intermediate Income Trust has a 12 month low of $3.14 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.