Putnam Mast Int Announces Monthly Dividend of $0.02 (NYSE:PIM)

Putnam Mast Int (NYSE:PIM) declared a monthly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, September 23rd will be given a dividend of 0.022 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Putnam Mast Int Price Performance

Shares of PIM stock opened at $3.13 on Thursday. The firm has a fifty day moving average of $3.17 and a two-hundred day moving average of $3.22. Putnam Mast Int has a 1-year low of $3.07 and a 1-year high of $3.50.

Institutional Trading of Putnam Mast Int

Several hedge funds and other institutional investors have recently bought and sold shares of the company. PVG Asset Management Corp grew its position in shares of Putnam Mast Int by 1,151.3% in the 4th quarter. PVG Asset Management Corp now owns 482,759 shares of the company’s stock worth $1,612,000 after acquiring an additional 444,177 shares in the last quarter. Blue Trust Inc. bought a new position in Putnam Mast Int during the fourth quarter worth $84,000. Northstar Financial Companies Inc. acquired a new position in Putnam Mast Int in the first quarter worth $49,000. Fifth Third Bancorp acquired a new position in Putnam Mast Int in the first quarter worth $120,000. Finally, WealthTrust Axiom LLC increased its stake in Putnam Mast Int by 11.3% during the fourth quarter. WealthTrust Axiom LLC now owns 108,000 shares of the company’s stock valued at $361,000 after purchasing an additional 11,000 shares during the last quarter. 55.06% of the stock is owned by institutional investors.

About Putnam Mast Int

Putnam Master International (NYSE:PIM) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in equity securities of non-U.S. companies. The fund maintains a diversified portfolio spanning developed and emerging markets, with a focus on identifying businesses offering strong growth potential, attractive valuations and sound corporate governance. Shares of PIM trade on the NYSE, providing investors with a fixed capital structure and the opportunity to gain exposure to global equity markets through a single vehicle.

The fund’s investment team, managed by Putnam Retail Management LP, conducts bottom-up fundamental analysis to select holdings across multiple industries and geographies.