Putnam Mast Int (PIM) to Distribute Monthly Dividend of $0.02 on August 31st

Putnam Mast Int (NYSE:PIM) declared a monthly dividend on Thursday, May 14th. Shareholders of record on Monday, August 24th will be given a dividend of 0.022 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date is Monday, August 24th.

Putnam Mast Int Stock Performance

Shares of NYSE PIM opened at $3.16 on Friday. The company has a 50 day simple moving average of $3.17 and a 200-day simple moving average of $3.21. Putnam Mast Int has a 1 year low of $3.07 and a 1 year high of $3.50.

Hedge Funds Weigh In On Putnam Mast Int

Several large investors have recently modified their holdings of PIM. PVG Asset Management Corp boosted its stake in Putnam Mast Int by 155.2% during the first quarter. PVG Asset Management Corp now owns 1,231,891 shares of the company’s stock worth $3,967,000 after buying an additional 749,132 shares during the period. Summit Financial LLC lifted its holdings in shares of Putnam Mast Int by 206.4% in the 4th quarter. Summit Financial LLC now owns 592,051 shares of the company’s stock worth $1,977,000 after acquiring an additional 398,831 shares during the last quarter. Eclectic Associates Inc. ADV purchased a new position in shares of Putnam Mast Int during the 4th quarter worth approximately $179,000. Fifth Third Bancorp acquired a new stake in Putnam Mast Int in the 1st quarter valued at approximately $120,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Putnam Mast Int in the third quarter valued at approximately $95,000. Institutional investors and hedge funds own 55.06% of the company’s stock.

About Putnam Mast Int

Putnam Master International (NYSE:PIM) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in equity securities of non-U.S. companies. The fund maintains a diversified portfolio spanning developed and emerging markets, with a focus on identifying businesses offering strong growth potential, attractive valuations and sound corporate governance. Shares of PIM trade on the NYSE, providing investors with a fixed capital structure and the opportunity to gain exposure to global equity markets through a single vehicle.

The fund’s investment team, managed by Putnam Retail Management LP, conducts bottom-up fundamental analysis to select holdings across multiple industries and geographies.