Putnam Managed Municipal Income Trust (NYSE:PMM – Get Free Report) announced a monthly dividend on Monday, May 20th, NASDAQ reports. Shareholders of record on Monday, June 24th will be given a dividend of 0.0238 per share on Monday, July 1st. This represents a $0.29 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend is Monday, June 24th.
Putnam Managed Municipal Income Trust has decreased its dividend payment by an average of 6.9% per year over the last three years.
Putnam Managed Municipal Income Trust Stock Up 0.2 %
NYSE:PMM opened at $6.25 on Friday. The company has a 50 day moving average price of $6.00 and a 200-day moving average price of $6.06. Putnam Managed Municipal Income Trust has a 1-year low of $5.00 and a 1-year high of $6.42.
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.
Read More
- Five stocks we like better than Putnam Managed Municipal Income Trust
- How to Find Undervalued Stocks
- McDonald’s Stock: Balancing Value and Innovation
- Stock Market Upgrades: What Are They?
- MarketBeat Week in Review – 6/17 – 6/21
- Trading Stocks: RSI and Why it’s Useful
- Sarepta Therapeutics Stock Soars on FDA Approval
Receive News & Ratings for Putnam Managed Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Putnam Managed Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.
