Putnam Master Intermediate Income Trust (NYSE:PIM) Plans $0.02 Monthly Dividend

Putnam Master Intermediate Income Trust (NYSE:PIM) declared a monthly dividend on Monday, March 25th, Wall Street Journal reports. Stockholders of record on Wednesday, April 24th will be given a dividend of 0.022 per share on Wednesday, May 1st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 8.52%. The ex-dividend date is Tuesday, April 23rd.

Putnam Master Intermediate Income Trust has decreased its dividend payment by an average of 9.1% annually over the last three years.

Putnam Master Intermediate Income Trust Price Performance

Putnam Master Intermediate Income Trust stock opened at $3.10 on Monday. Putnam Master Intermediate Income Trust has a 52 week low of $2.90 and a 52 week high of $3.28. The stock has a fifty day moving average of $3.18 and a 200-day moving average of $3.14.

Hedge Funds Weigh In On Putnam Master Intermediate Income Trust

A number of institutional investors have recently modified their holdings of the business. Transform Wealth LLC raised its holdings in shares of Putnam Master Intermediate Income Trust by 2.6% during the 4th quarter. Transform Wealth LLC now owns 200,225 shares of the company’s stock worth $639,000 after buying an additional 5,000 shares in the last quarter. Quarry LP bought a new stake in Putnam Master Intermediate Income Trust during the 2nd quarter worth $77,000. Envestnet Asset Management Inc. bought a new stake in Putnam Master Intermediate Income Trust during the 2nd quarter worth $699,000. JPMorgan Chase & Co. bought a new stake in Putnam Master Intermediate Income Trust during the 1st quarter worth $66,000. Finally, Susquehanna International Group LLP bought a new stake in Putnam Master Intermediate Income Trust during the 1st quarter worth $121,000. Institutional investors and hedge funds own 55.06% of the company’s stock.

About Putnam Master Intermediate Income Trust

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.