PUTNAM MAST INT (NYSE:PIM) to Issue $0.02 Monthly Dividend

Key Points

• Putnam Mast Int (NYSE:PIM) announced a monthly dividend of $0.02 per share, to be paid on September 30th to shareholders of record as of September 18th.
• The annualized dividend yield for this payout is 7.6%, reflecting the company's commitment to returning value to shareholders.
• Hedge funds are showing increasing interest, with several institutions acquiring new positions in Putnam Mast Int over the past quarters.

PUTNAM MAST INT (NYSE:PIM - Get Free Report) announced a monthly dividend on Thursday, August 7th. Investors of record on Thursday, September 18th will be paid a dividend of 0.022 per share on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Thursday, September 18th.

PUTNAM MAST INT Trading Down 0.1%

Shares of NYSE:PIM traded down $0.01 during midday trading on Friday, reaching $3.46. 47,007 shares of the company's stock traded hands, compared to its average volume of 251,761. PUTNAM MAST INT has a one year low of $3.14 and a one year high of $3.50. The stock has a 50 day moving average of $3.36 and a 200 day moving average of $3.33.

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.