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

Putnam Master Intermediate Income Trust (NYSE:PIM) announced a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 8.05%. The ex-dividend date is Friday, January 24th.

Putnam Master Intermediate Income Trust has increased its dividend payment by an average of 58.7% per year over the last three years.

Putnam Master Intermediate Income Trust Price Performance

NYSE PIM remained flat at $3.28 on Thursday. 33,314 shares of the company were exchanged, compared to its average volume of 29,403. Putnam Master Intermediate Income Trust has a twelve month low of $3.04 and a twelve month high of $3.45. The company’s 50 day moving average price is $3.27 and its 200-day moving average price is $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.