Putnam Master Intermediate Income Trust (NYSE:PIM – Get Free Report) announced a monthly dividend on Monday, October 28th, Wall Street Journal reports. Investors of record on Friday, November 22nd will be given a dividend of 0.022 per share on Monday, December 2nd. This represents a $0.26 annualized dividend and a dividend yield of 8.06%. The ex-dividend date of this dividend is Friday, November 22nd.
Putnam Master Intermediate Income Trust has raised its dividend by an average of 9.5% annually over the last three years.
Putnam Master Intermediate Income Trust Price Performance
Shares of PIM opened at $3.28 on Wednesday. The business’s 50 day moving average is $3.36 and its 200 day moving average is $3.26. Putnam Master Intermediate Income Trust has a 12-month low of $2.91 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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