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

Putnam Master Intermediate Income Trust (NYSE:PIM - Get Free Report) declared a monthly dividend on Tuesday, April 8th, Wall Street Journal reports. Stockholders of record on Thursday, April 17th will be paid a dividend of 0.022 per share on Wednesday, April 30th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 8.25%. The ex-dividend date of this dividend is Thursday, April 17th.

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

Putnam Master Intermediate Income Trust Price Performance

NYSE PIM traded down $0.02 during trading hours on Friday, reaching $3.20. The stock had a trading volume of 22,374 shares, compared to its average volume of 60,195. Putnam Master Intermediate Income Trust has a 52-week low of $3.04 and a 52-week high of $3.45. The stock has a fifty day moving average of $3.29 and a 200 day moving average of $3.29.

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.