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.
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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