Putnam Master Intermediate Income Trust (NYSE:PIM – Get Free Report) declared a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Shareholders of record on Friday, January 24th will be given 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 payment by an average of 58.7% per year over the last three years.
Putnam Master Intermediate Income Trust Price Performance
Shares of PIM opened at $3.28 on Friday. The stock has a 50 day moving average of $3.27 and a 200 day moving average of $3.30. Putnam Master Intermediate Income Trust has a 12 month low of $3.04 and a 12 month high of $3.45.
About Putnam Master Intermediate Income Trust
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.
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