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

Key Points

• PUTNAM MAST INT announced a monthly dividend of $0.02 per share, with an ex-dividend date of October 17th, 2023.
• The stock's annualized dividend yield is 7.8%, and it opened at $3.39, positioning within a 52-week range of $3.14 to $3.50.
• Institutional investors hold approximately 55.06% of PUTNAM MAST INT's shares, with notable recent acquisitions by hedge funds totaling millions in new stakes.

PUTNAM MAST INT (NYSE:PIM - Get Free Report) announced a monthly dividend on Thursday, August 7th. Stockholders of record on Friday, October 17th will be paid a dividend of 0.022 per share on Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Friday, October 17th.

PUTNAM MAST INT Trading Down 0.4%

NYSE PIM opened at $3.39 on Wednesday. PUTNAM MAST INT has a fifty-two week low of $3.14 and a fifty-two week high of $3.50. The stock has a 50-day simple moving average of $3.39 and a two-hundred day simple moving average of $3.34.

Institutional Trading of PUTNAM MAST INT

Hedge funds have recently made changes to their positions in the company. Sheets Smith Investment Management purchased a new stake in shares of PUTNAM MAST INT in the 3rd quarter valued at $3,792,000. Janney Montgomery Scott LLC acquired a new stake in shares of PUTNAM MAST INT during the first quarter worth $448,000. Sit Investment Associates Inc. raised its stake in shares of PUTNAM MAST INT by 0.4% during the 1st quarter. Sit Investment Associates Inc. now owns 23,075,285 shares of the company's stock worth $76,610,000 after buying an additional 90,977 shares in the last quarter. Allworth Financial LP acquired a new stake in PUTNAM MAST INT in the second quarter valued at $222,000. Finally, Ethos Financial Group LLC purchased a new position in PUTNAM MAST INT during the 1st quarter valued at about $169,000. Hedge funds and other institutional investors own 55.06% of the company's stock.

PUTNAM MAST INT Company Profile

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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