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

Putnam Managed Municipal Income Trust (NYSE:PMM) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Wednesday, July 24th will be given a dividend of 0.0238 per share on Thursday, August 1st. This represents a $0.29 annualized dividend and a dividend yield of 4.64%. The ex-dividend date is Wednesday, July 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 Up 0.2 %

Shares of NYSE:PMM traded up $0.01 during trading on Tuesday, hitting $6.16. 132,538 shares of the company’s stock traded hands, compared to its average volume of 105,897. Putnam Managed Municipal Income Trust has a 52 week low of $5.00 and a 52 week high of $6.42. The company has a 50-day moving average price of $6.04 and a 200-day moving average price of $6.08.

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.