Cash Dividend On The Way From Putnam Master Intermediate Income Trust (PIM)

Looking at the universe of stocks we cover at Dividend Channel, on 9/22/14, Putnam Master Intermediate Income Trust ( PIM) will trade ex-dividend, for its monthly dividend of $0.026, payable on 10/1/14. As a percentage of PIM's recent stock price of $5.01, this dividend works out to approximately 0.52%, so look for shares of Putnam Master Intermediate Income Trust to trade 0.52% lower — all else being equal — when PIM shares open for trading on 9/22/14.

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Below is a dividend history chart for PIM, showing historical dividends prior to the most recent $0.026 declared by Putnam Master Intermediate Income Trust:

PIM+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PIM is likely to continue, and whether the current estimated yield of 6.23% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PIM shares, versus its 200 day moving average:

Putnam Master Intermediate Income Trust 200 Day Moving Average Chart

Looking at the chart above, PIM's low point in its 52 week range is $4.41 per share, with $5.21 as the 52 week high point — that compares with a last trade of $5.01.

In Thursday trading, Putnam Master Intermediate Income Trust shares are currently trading flat on the day.

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