Putnam Master Intermediate Income Trust (NYSE:PIM) announced a monthly dividend on Tuesday, November 23rd, Wall Street Journal reports. Investors of record on Monday, January 24th will be paid a dividend of 0.022 per share on Tuesday, February 1st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date is Friday, January 21st.
Putnam Master Intermediate Income Trust has increased its dividend by 12.8% over the last three years.
Shares of PIM stock opened at $3.93 on Thursday. Putnam Master Intermediate Income Trust has a 52-week low of $3.91 and a 52-week high of $4.47. The stock has a 50 day moving average price of $4.02 and a 200 day moving average price of $4.13.
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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