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

Putnam Master Intermediate Income Trust (NYSE:PIMGet 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

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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.

Further Reading

Dividend History for Putnam Master Intermediate Income Trust (NYSE:PIM)

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