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

Putnam Master Intermediate Income Trust (NYSE:PIM) announced a monthly dividend on Tuesday, December 10th,Wall Street Journal reports. Shareholders of record on Monday, December 23rd will be given a dividend of 0.022 per share on Thursday, January 2nd. This represents a $0.26 dividend on an annualized basis and a yield of 7.95%. The ex-dividend date of this dividend is Monday, December 23rd.

Putnam Master Intermediate Income Trust has raised its dividend payment by an average of 9.5% per year over the last three years.

Putnam Master Intermediate Income Trust Price Performance

Shares of Putnam Master Intermediate Income Trust stock remained flat at $3.32 on Tuesday. 28,379 shares of the company traded hands, compared to its average volume of 62,357. Putnam Master Intermediate Income Trust has a 1-year low of $3.04 and a 1-year high of $3.45. The business has a 50-day moving average of $3.30 and a two-hundred day moving average of $3.29.

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.