Putnam Master Intermediate Income Trust (NYSE:PIM – Get Free Report) announced a monthly dividend on Monday, July 1st, Wall Street Journal reports. Investors of record on Wednesday, July 24th will be given a dividend of 0.022 per share on Thursday, August 1st. This represents a $0.26 annualized dividend and a yield of 8.22%. The ex-dividend date of this dividend is Wednesday, July 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 0.8 %
Shares of PIM stock opened at $3.21 on Wednesday. The business’s 50 day moving average is $3.17 and its two-hundred day moving average is $3.19. Putnam Master Intermediate Income Trust has a 12 month low of $2.90 and a 12 month high of $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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