Putnam Managed Municipal Income Trust (NYSE:PMM – Get Free Report) announced a monthly dividend on Monday, October 28th,NASDAQ Dividends reports. Stockholders of record on Friday, November 22nd will be given a dividend of 0.0238 per share on Monday, December 2nd. This represents a $0.29 dividend on an annualized basis and a dividend yield of 4.64%. 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% annually over the last three years.
Putnam Managed Municipal Income Trust Stock Performance
Shares of NYSE PMM opened at $6.15 on Wednesday. Putnam Managed Municipal Income Trust has a one year low of $5.68 and a one year high of $6.61. The business has a 50-day moving average price of $6.38 and a two-hundred day moving average price of $6.26.
Putnam Managed Municipal Income Trust Company Profile
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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