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

Putnam Master Intermediate Income Trust (NYSE:PIM) declared a monthly dividend on Monday, February 10th,Wall Street Journal reports. Shareholders of record on Monday, February 24th will be given a dividend of 0.022 per share on Monday, March 3rd. This represents a $0.26 dividend on an annualized basis and a yield of 7.98%. The ex-dividend date is Monday, February 24th.

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 PIM stock remained flat at $3.31 during trading hours on Tuesday. 40,412 shares of the stock traded hands, compared to its average volume of 43,660. Putnam Master Intermediate Income Trust has a fifty-two week low of $3.04 and a fifty-two week high of $3.45. The stock has a 50-day simple moving average of $3.29 and a 200 day simple moving average of $3.31.

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.