Putnam Master Intermediate Income Trust (PIM) To Go Ex-Dividend on November 22nd

Putnam Master Intermediate Income Trust (NYSE:PIM) announced a monthly dividend on Friday, October 27th, Wall Street Journal reports. Stockholders of record on Friday, November 24th will be paid a dividend of 0.022 per share on Friday, December 1st. This represents a $0.26 annualized dividend and a dividend yield of 8.60%. The ex-dividend date is Wednesday, November 22nd.

Putnam Master Intermediate Income Trust has decreased its dividend by an average of 9.8% per year over the last three years.

Putnam Master Intermediate Income Trust Price Performance

Shares of NYSE PIM opened at $3.07 on Monday. Putnam Master Intermediate Income Trust has a fifty-two week low of $2.90 and a fifty-two week high of $3.40. The stock’s 50-day simple moving average is $3.02 and its 200-day simple moving average is $3.11.

Institutional Investors Weigh In On Putnam Master Intermediate Income Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. acquired a new stake in shares of Putnam Master Intermediate Income Trust during the 2nd quarter worth about $699,000. Morgan Stanley grew its stake in Putnam Master Intermediate Income Trust by 7.2% during the 4th quarter. Morgan Stanley now owns 162,619 shares of the company’s stock worth $520,000 after buying an additional 10,963 shares during the last quarter. NewEdge Advisors LLC grew its stake in Putnam Master Intermediate Income Trust by 8.9% during the 2nd quarter. NewEdge Advisors LLC now owns 134,873 shares of the company’s stock worth $460,000 after buying an additional 10,996 shares during the last quarter. UBS Group AG grew its stake in Putnam Master Intermediate Income Trust by 28.3% during the 3rd quarter. UBS Group AG now owns 88,670 shares of the company’s stock worth $288,000 after buying an additional 19,570 shares during the last quarter. Finally, LPL Financial LLC grew its stake in Putnam Master Intermediate Income Trust by 6.7% during the 2nd quarter. LPL Financial LLC now owns 51,217 shares of the company’s stock worth $175,000 after buying an additional 3,201 shares during the last quarter. Institutional investors and hedge funds own 47.74% of the company’s stock.

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.