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

Putnam Master Intermediate Income Trust (NYSE:PIM – Get Rating) declared a monthly dividend on Monday, May 23rd, Wall Street Journal reports. Stockholders of record on Friday, June 24th will be paid a dividend of 0.022 per share on Friday, July 1st. This represents a $0.26 annualized dividend and a dividend yield of 7.79%. The ex-dividend date is Thursday, June 23rd.

Putnam Master Intermediate Income Trust has decreased its dividend by an average of 3.5% annually over the last three years.

Shares of NYSE PIM traded down $0.04 during midday trading on Monday, hitting $3.39. The company’s stock had a trading volume of 103,591 shares, compared to its average volume of 109,465. The business’s fifty day simple moving average is $3.51 and its two-hundred day simple moving average is $3.69. Putnam Master Intermediate Income Trust has a 1 year low of $3.38 and a 1 year high of $4.33.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. boosted its stake in shares of Putnam Master Intermediate Income Trust by 22.2% in the first quarter. Invesco Ltd. now owns 639,874 shares of the company’s stock valued at $2,291,000 after purchasing an additional 116,347 shares during the period. Vident Investment Advisory LLC lifted its stake in Putnam Master Intermediate Income Trust by 23.5% in the first quarter. Vident Investment Advisory LLC now owns 425,456 shares of the company’s stock worth $1,523,000 after acquiring an additional 80,820 shares during the last quarter. NewEdge Advisors LLC purchased a new position in Putnam Master Intermediate Income Trust in the fourth quarter worth approximately $505,000. Susquehanna International Group LLP lifted its stake in Putnam Master Intermediate Income Trust by 77.9% in the fourth quarter. Susquehanna International Group LLP now owns 38,536 shares of the company’s stock worth $152,000 after acquiring an additional 16,876 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in Putnam Master Intermediate Income Trust in the fourth quarter worth approximately $123,000. 49.31% of the stock is owned by institutional investors and hedge funds.

About Putnam Master Intermediate Income Trust (Get Rating)

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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