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

Putnam Managed Municipal Income Trust (NYSE:PMM) announced a monthly dividend on Tuesday, August 6th, NASDAQ reports. Stockholders of record on Friday, August 23rd will be paid a dividend of 0.0238 per share on Tuesday, September 3rd. This represents a $0.29 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Friday, August 23rd.

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 Stock Performance

Shares of PMM stock traded up $0.06 on Wednesday, hitting $6.38. The stock had a trading volume of 140,471 shares, compared to its average volume of 102,723. Putnam Managed Municipal Income Trust has a 12-month low of $5.00 and a 12-month high of $6.47. The business has a 50 day moving average of $6.17 and a 200 day moving average of $6.09.

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.