PIM Stock Overview
Putnam Master Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$3.79|
|52 Week High||US$4.47|
|52 Week Low||US$3.79|
|1 Month Change||-2.07%|
|3 Month Change||-5.96%|
|1 Year Change||-9.55%|
|3 Year Change||-12.47%|
|5 Year Change||-17.97%|
|Change since IPO||-51.10%|
Recent News & Updates
Putnam Master Intermediate Income Trust declares $0.022 dividend
Putnam Master Intermediate Income Trust (PIM) declares $0.022/share monthly dividend, -26.7% decrease from prior dividend of $0.030.Forward yield 6.36%Payable Jan. 4; for shareholders of record Dec. 23; ex-div Dec. 22.Payable Feb. 1; for shareholders of record Jan. 22; ex-div Jan. 21.See PIM Dividend Scorecard, Yield Chart, & Dividend Growth.
Putnam Master Intermediate Income Trust declares $0.03 dividend
Putnam Master Intermediate Income Trust (PIM) declares $0.03/share monthly dividend, in line with previous.Forward yield 8.67%Payable Dec. 1; for shareholders of record Nov. 24; ex-div Nov. 23.See PIM Dividend Scorecard, Yield Chart, & Dividend Growth.
|PIM||US Capital Markets||US Market|
Return vs Industry: PIM underperformed the US Capital Markets industry which returned 25.7% over the past year.
Return vs Market: PIM underperformed the US Market which returned 10.2% over the past year.
|PIM Average Weekly Movement||1.3%|
|Capital Markets Industry Average Movement||0.7%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: PIM is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: PIM's weekly volatility (1%) has been stable over the past year.
About the Company
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.
Putnam Master Intermediate Income Trust Fundamentals Summary
|PIM fundamental statistics|
Is PIM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PIM income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.061|
|Net Profit Margin||26.38%|
How did PIM perform over the long term?See historical performance and comparison
7.0%Current Dividend Yield
Does PIM pay a reliable dividends?See PIM dividend history and benchmarks
|Putnam Master Intermediate Income Trust dividend dates|
|Ex Dividend Date||Jan 21 2022|
|Dividend Pay Date||Feb 01 2022|
|Days until Ex dividend||1 day|
|Days until Dividend pay date||12 days|
Does PIM pay a reliable dividends?See PIM dividend history and benchmarks
Is Putnam Master Intermediate Income Trust undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PIM ($3.79) is trading above our estimate of fair value ($0.83)
Significantly Below Fair Value: PIM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PIM is poor value based on its PE Ratio (62.2x) compared to the US Capital Markets industry average (15.5x).
PE vs Market: PIM is poor value based on its PE Ratio (62.2x) compared to the US market (17x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PIM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PIM is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (42.2x).
How is Putnam Master Intermediate Income Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Putnam Master Intermediate Income Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Putnam Master Intermediate Income Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PIM has a large one-off loss of $5.6M impacting its September 30 2021 financial results.
Growing Profit Margin: PIM became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: PIM's earnings have declined by 25% per year over the past 5 years.
Accelerating Growth: PIM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PIM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (86.4%).
Return on Equity
High ROE: PIM's Return on Equity (1.5%) is considered low.
How is Putnam Master Intermediate Income Trust's financial position?
Financial Position Analysis
Short Term Liabilities: PIM's short term assets ($39.2M) do not cover its short term liabilities ($154.2M).
Long Term Liabilities: PIM's short term assets ($39.2M) exceed its long term liabilities ($16.1M).
Debt to Equity History and Analysis
Debt Level: PIM is debt free.
Reducing Debt: PIM has not had any debt for past 5 years.
Debt Coverage: PIM has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PIM has no debt, therefore coverage of interest payments is not a concern.
What is Putnam Master Intermediate Income Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PIM's dividend (6.97%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: PIM's dividend (6.97%) is in the top 25% of dividend payers in the US market (3.48%)
Stability and Growth of Payments
Stable Dividend: PIM's dividends per share have been stable in the past 10 years.
Growing Dividend: PIM's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (454.1%), PIM's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Putnam Master Intermediate Income Trust has no CEO, or we have no data on them.
Experienced Board: PIM's board of directors are seasoned and experienced ( 18.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Putnam Master Intermediate Income Trust's employee growth, exchange listings and data sources
- Name: Putnam Master Intermediate Income Trust
- Ticker: PIM
- Exchange: NYSE
- Founded: 1988
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$196.303m
- Shares outstanding: 51.80m
- Website: https://www.putnam.com/individual/mutual-funds/closed-end-funds/funds/59-master-intermediate-income-trust
- Putnam Master Intermediate Income Trust
- 100 Federal Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/19 23:35|
|End of Day Share Price||2022/01/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.