Putnam Master Intermediate Income Trust (NYSE:PIM – Get Free Report) declared a monthly dividend on Monday, October 28th,Wall Street Journal reports. Investors of record on Friday, November 22nd will be paid a dividend of 0.022 per share on Monday, December 2nd. This represents a $0.26 dividend on an annualized basis and a yield of 8.17%. The ex-dividend date of this dividend is Friday, November 22nd.
Putnam Master Intermediate Income Trust has increased its dividend payment by an average of 9.5% per year over the last three years.
Putnam Master Intermediate Income Trust Stock Performance
NYSE PIM opened at $3.23 on Thursday. Putnam Master Intermediate Income Trust has a 52 week low of $3.01 and a 52 week high of $3.45. The stock’s 50 day moving average price is $3.34 and its two-hundred day moving average price is $3.28.
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.
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