Putnam Managed Municipal Income Trust (NYSE:PMM – Get Free Report) announced a monthly dividend on Monday, September 30th, NASDAQ reports. Investors 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 yield of 4.42%. The ex-dividend date of this dividend is Thursday, October 24th.
Putnam Managed Municipal Income Trust has decreased its dividend by an average of 6.9% annually over the last three years.
Putnam Managed Municipal Income Trust Price Performance
NYSE PMM opened at $6.47 on Tuesday. The business has a fifty day simple moving average of $6.44 and a 200 day simple moving average of $6.21. Putnam Managed Municipal Income Trust has a 12 month low of $5.00 and a 12 month 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.
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