Putnam Master Intermediate Income Trust (NYSE:PIM – Get Free Report) declared a monthly dividend on Monday, July 1st, Wall Street Journal reports. Shareholders of record on Wednesday, July 24th will be paid a dividend of 0.022 per share on Thursday, August 1st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 8.02%. The ex-dividend date is Wednesday, July 24th.
Putnam Master Intermediate Income Trust has increased its dividend by an average of 9.5% annually over the last three years.
Putnam Master Intermediate Income Trust Price Performance
PIM stock opened at $3.29 on Tuesday. The firm has a 50 day simple moving average of $3.21 and a 200-day simple moving average of $3.19. Putnam Master Intermediate Income Trust has a twelve month low of $2.90 and a twelve month high of $3.35.
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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