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

Putnam Managed Municipal Income Trust (NYSE:PMM) declared a monthly dividend on Monday, February 10th,NASDAQ Dividends reports. Stockholders of record on Monday, February 24th will be paid a dividend of 0.0238 per share on Monday, March 3rd. This represents a $0.29 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Monday, February 24th.

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 Trading Up 0.1 %

NYSE:PMM traded up $0.01 during mid-day trading on Tuesday, hitting $6.24. The stock had a trading volume of 137,587 shares, compared to its average volume of 145,866. Putnam Managed Municipal Income Trust has a twelve month low of $5.82 and a twelve month high of $6.61. The company’s 50 day simple moving average is $6.16 and its 200 day simple moving average is $6.29.

Insider Activity

In related news, major shareholder Of America Corp /De/ Bank purchased 16,585 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were acquired at an average price of $6.02 per share, for a total transaction of $99,841.70. Following the purchase, the insider now owns 16,585 shares in the company, valued at approximately $99,841.70. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.01% of the company’s stock.

About Putnam Managed Municipal Income Trust

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.