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.
Featured Articles
- Five stocks we like better than Putnam Managed Municipal Income Trust
- Basic Materials Stocks Investing
- Is Wells Fargo Stock the End-of-Year Rebound Story to Watch?
- What Does a Stock Split Mean?
- Walgreens Stock Rally: 4 Reasons WBA Could Be a Strong Buy
- Quiet Period Expirations Explained
- Buffett Trims BAC Holdings:What It Means for the Stock’s Future
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.
