Putnam Master Intermediate Income Trust (PIM) To Go Ex-Dividend on September 22nd

Putnam Master Intermediate Income Trust (NYSE:PIMGet Rating) declared a monthly dividend on Thursday, August 4th, Wall Street Journal reports. Stockholders of record on Friday, September 23rd will be paid a dividend of 0.022 per share on Monday, October 3rd. This represents a $0.26 annualized dividend and a dividend yield of 7.52%. The ex-dividend date of this dividend is Thursday, September 22nd.

Putnam Master Intermediate Income Trust has decreased its dividend payment by an average of 3.5% per year over the last three years.

Putnam Master Intermediate Income Trust Price Performance

Shares of Putnam Master Intermediate Income Trust stock opened at $3.51 on Friday. Putnam Master Intermediate Income Trust has a 52 week low of $3.32 and a 52 week high of $4.18. The business’s fifty day simple moving average is $3.42 and its 200-day simple moving average is $3.50.

Institutional Investors Weigh In On Putnam Master Intermediate Income Trust

Several institutional investors and hedge funds have recently modified their holdings of the company. Invesco Ltd. raised its holdings in shares of Putnam Master Intermediate Income Trust by 22.2% in the 1st quarter. Invesco Ltd. now owns 639,874 shares of the company’s stock valued at $2,291,000 after buying an additional 116,347 shares during the period. Vident Investment Advisory LLC increased its holdings in Putnam Master Intermediate Income Trust by 23.5% during the 1st quarter. Vident Investment Advisory LLC now owns 425,456 shares of the company’s stock worth $1,523,000 after purchasing an additional 80,820 shares during the period. Finally, Bank of America Corp DE increased its holdings in Putnam Master Intermediate Income Trust by 654.8% during the 1st quarter. Bank of America Corp DE now owns 31,444 shares of the company’s stock worth $113,000 after purchasing an additional 27,278 shares during the period. Hedge funds and other institutional investors own 49.31% of the company’s stock.

Putnam Master Intermediate Income Trust Company Profile

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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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Dividend History for Putnam Master Intermediate Income Trust (NYSE:PIM)

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