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

Putnam Master Intermediate Income Trust (NYSE:PIM) declared a monthly dividend on Wednesday, August 7th, Wall Street Journal reports. Investors of record on Tuesday, September 24th will be paid a dividend of 0.022 per share on Tuesday, October 1st. This represents a $0.26 dividend on an annualized basis and a yield of 8.10%. The ex-dividend date is Tuesday, September 24th.

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

Putnam Master Intermediate Income Trust Trading Down 0.3 %

Shares of Putnam Master Intermediate Income Trust stock traded down $0.01 during trading on Wednesday, reaching $3.26. The company’s stock had a trading volume of 113,337 shares, compared to its average volume of 53,133. The business’s 50-day moving average price is $3.23 and its 200-day moving average price is $3.20. Putnam Master Intermediate Income Trust has a 52 week low of $2.90 and a 52 week high of $3.36.

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.