Putnam Mast Int (NYSE:PIM) Announces $0.02 Monthly Dividend

Key Points

• Putnam Master Intermediate Income Trust has declared a monthly dividend of $0.02 per share, with an annual yield of 7.9%, payable on November 28th to investors of record on November 17th.
• The stock is currently trading at $3.34, with a 52-week range between $3.14 and $3.45.
• Institutional investors hold over 55% of Putnam Master Intermediate Income Trust, indicating significant interest from hedge funds and asset managers in the stock.

Putnam Mast Int (NYSE:PIM - Get Free Report) announced a monthly dividend on Monday, August 11th, Wall Street Journal reports. Shareholders of record on Monday, November 17th will be paid a dividend of 0.022 per share on Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date is Monday, November 17th.

Putnam Mast Int Trading Down 0.3%

Shares of PIM stock traded down $0.01 on Friday, reaching $3.35. The company's stock had a trading volume of 687,075 shares, compared to its average volume of 57,495. The stock's fifty day simple moving average is $3.34 and its 200-day simple moving average is $3.31. Putnam Mast Int has a 1 year low of $3.14 and a 1 year high of $3.45.

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.