Putnam Managed Municipal Income Trust (NYSE:PMM) Plans $0.02 Monthly Dividend

by · The Cerbat Gem

Putnam Managed Municipal Income Trust (NYSE:PMM – Get Free Report) declared a monthly dividend on Monday, October 28th, NASDAQ reports. Investors of record on Friday, November 22nd will be paid a dividend of 0.0238 per share on Monday, December 2nd. This represents a $0.29 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend is Friday, November 22nd.

Putnam Managed Municipal Income Trust has decreased its dividend by an average of 6.9% per year over the last three years.

Putnam Managed Municipal Income Trust Price Performance

PMM stock traded down $0.02 during mid-day trading on Tuesday, reaching $6.20. The company had a trading volume of 155,366 shares, compared to its average volume of 101,841. The firm has a fifty day simple moving average of $6.43 and a 200 day simple moving average of $6.22. Putnam Managed Municipal Income Trust has a fifty-two week low of $5.05 and a fifty-two week high of $6.61.

Putnam Managed Municipal Income Trust Company Profile

(Get Free Report)

Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investment Management LLC. It is co-managed by Putnam Investments Limited. The fund invests in the fixed income markets of the United States. It primarily invests in a diversified portfolio of tax-exempt municipal securities, including high-yield securities that are rated below investment grade.

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