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

Putnam Managed Municipal Income Trust (NYSE:PMM) announced a monthly dividend on Monday, September 30th, NASDAQ reports. Stockholders of record on Thursday, October 24th will be given a dividend of 0.0238 per share on Friday, November 1st. This represents a $0.29 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend is Thursday, October 24th.

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

Putnam Managed Municipal Income Trust Trading Down 0.6 %

Shares of NYSE PMM traded down $0.04 during trading hours on Wednesday, hitting $6.48. The stock had a trading volume of 198,423 shares, compared to its average volume of 101,820. The firm’s 50-day moving average price is $6.39 and its two-hundred day moving average price is $6.17. Putnam Managed Municipal Income Trust has a 52 week low of $5.00 and a 52 week high of $6.61.

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.