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

Putnam Mast Int (NYSE:PIM) announced a monthly dividend on Thursday, November 20th. Investors of record on Friday, January 23rd will be paid a dividend of 0.022 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date is Friday, January 23rd.

Putnam Mast Int Stock Down 0.1%

PIM stock opened at $3.32 on Friday. The stock’s 50 day simple moving average is $3.39 and its 200 day simple moving average is $3.36. Putnam Mast Int has a fifty-two week low of $3.14 and a fifty-two week high of $3.50.

Hedge Funds Weigh In On Putnam Mast Int

Large investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Putnam Mast Int during the 2nd quarter valued at $25,000. Global Wealth Strategies & Associates acquired a new position in shares of Putnam Mast Int during the third quarter valued at about $32,000. Balefire LLC bought a new stake in shares of Putnam Mast Int during the second quarter worth about $35,000. WealthTrust Axiom LLC increased its position in shares of Putnam Mast Int by 98.7% during the first quarter. WealthTrust Axiom LLC now owns 27,000 shares of the company’s stock worth $90,000 after acquiring an additional 13,411 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Putnam Mast Int in the 3rd quarter worth about $95,000. 55.06% of the stock is currently owned by institutional investors.

About Putnam Mast Int

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.