PUTNAM MAST INT Announces Dividend of $0.02 (NYSE:PIM)

Key Points

• PUTNAM MAST INT declared a dividend of $0.02 per share, which will be distributed on August 29th to stockholders of record as of August 19th.
• The dividend yield for this payment is a remarkable 786.0%, with an ex-dividend date set for August 18th.
• Currently, PUTNAM MAST INT stock is priced at $3.36, with a 52-week range between $3.14 and $3.45.

PUTNAM MAST INT (NYSE:PIM - Get Free Report) announced a dividend on Saturday, August 16th, investing.com reports. Stockholders of record on Tuesday, August 19th will be paid a dividend of 0.022 per share on Friday, August 29th. This represents a dividend yield of 786.0%. The ex-dividend date is Monday, August 18th.

PUTNAM MAST INT Price Performance

Shares of NYSE:PIM traded down $0.02 during trading on Thursday, hitting $3.33. 18,562 shares of the stock were exchanged, compared to its average volume of 57,992. The company has a fifty day moving average price of $3.34 and a two-hundred day moving average price of $3.31. PUTNAM MAST INT has a 12-month low of $3.14 and a 12-month high of $3.45.

Institutional Investors Weigh In On PUTNAM MAST INT

A number of institutional investors and hedge funds have recently bought and sold shares of PIM. Janney Montgomery Scott LLC purchased a new position in shares of PUTNAM MAST INT during the 1st quarter worth $448,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of PUTNAM MAST INT by 116.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 37,474 shares of the company's stock worth $124,000 after buying an additional 20,196 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in PUTNAM MAST INT in the 1st quarter valued at $35,000. Jane Street Group LLC acquired a new stake in PUTNAM MAST INT in the 4th quarter valued at $35,000. Finally, Sit Investment Associates Inc. increased its holdings in PUTNAM MAST INT by 0.4% in the 1st quarter. Sit Investment Associates Inc. now owns 23,075,285 shares of the company's stock valued at $76,610,000 after purchasing an additional 90,977 shares in the last quarter. Hedge funds and other institutional investors own 55.06% of the company's stock.

About PUTNAM MAST INT

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.