Putnam Master Intermediate Income Trust (PIM) to Issue Monthly Dividend of $0.02 on May 1st

Putnam Master Intermediate Income Trust (NYSE:PIM) declared a monthly dividend on Monday, March 25th, Wall Street Journal reports. Shareholders 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 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

NYSE PIM opened at $3.10 on Friday. The stock has a 50-day simple moving average of $3.18 and a 200 day simple moving average of $3.14. Putnam Master Intermediate Income Trust has a twelve month low of $2.90 and a twelve month high of $3.28.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PIM. Transform Wealth LLC increased its position in Putnam Master Intermediate Income Trust by 2.6% during the fourth quarter. Transform Wealth LLC now owns 200,225 shares of the company’s stock worth $639,000 after acquiring an additional 5,000 shares during the period. Quarry LP acquired a new stake in Putnam Master Intermediate Income Trust in the 2nd quarter worth $77,000. Envestnet Asset Management Inc. bought a new position in shares of Putnam Master Intermediate Income Trust during the 2nd quarter worth about $699,000. JPMorgan Chase & Co. acquired a new position in shares of Putnam Master Intermediate Income Trust during the first quarter valued at about $66,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Putnam Master Intermediate Income Trust in the first quarter valued at about $121,000. 55.06% of the stock is currently owned by institutional investors and hedge funds.

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.