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

Key Points

• PUTNAM MAST INT declared a monthly dividend of $0.02 per share, with a payment date set for November 28th.
• The stock's annualized dividend yield is currently at 7.9%, while the ex-dividend date is November 17th.
• PUTNAM MAST INT's stock recently traded at $3.34, with a one-year trading range between $3.14 and $3.45.

PUTNAM MAST INT (NYSE:PIM - Get Free Report) declared a monthly dividend on Friday, August 8th, Wall Street Journal reports. Stockholders of record on Monday, November 17th will be given a dividend of 0.022 per share on Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Monday, November 17th.

PUTNAM MAST INT Trading Up 0.2%

NYSE:PIM traded up $0.01 during mid-day trading on Wednesday, hitting $3.34. The stock had a trading volume of 16,103 shares, compared to its average volume of 47,992. The company's 50 day simple moving average is $3.34 and its 200 day simple moving average is $3.31. PUTNAM MAST INT has a twelve month low of $3.14 and a twelve month high of $3.45.

Hedge Funds Weigh In On PUTNAM MAST INT

A number of hedge funds have recently modified their holdings of the business. LPL Financial LLC increased its stake in PUTNAM MAST INT by 8.4% in the fourth quarter. LPL Financial LLC now owns 50,777 shares of the company's stock valued at $166,000 after purchasing an additional 3,948 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of PUTNAM MAST INT during the 4th quarter valued at approximately $236,000. 1607 Capital Partners LLC lifted its stake in PUTNAM MAST INT by 83.9% in the 4th quarter. 1607 Capital Partners LLC now owns 1,065,778 shares of the company's stock worth $3,474,000 after purchasing an additional 486,262 shares in the last quarter. Jane Street Group LLC bought a new position in shares of PUTNAM MAST INT in the 4th quarter worth $35,000. Finally, Citadel Advisors LLC bought a new position in shares of PUTNAM MAST INT during the 4th quarter valued at $36,000. Institutional investors and hedge funds 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.