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

Putnam Managed Municipal Income Trust (NYSE:PMM) declared a monthly dividend on Wednesday, January 8th,NASDAQ Dividends reports. Shareholders of record on Friday, January 24th will be paid a dividend of 0.0238 per share on Monday, February 3rd. This represents a $0.29 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date is Friday, January 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 Stock Performance

Shares of NYSE PMM traded up $0.02 during trading on Thursday, reaching $6.08. 191,669 shares of the company traded hands, compared to its average volume of 164,494. The firm has a 50 day simple moving average of $6.20 and a 200-day simple moving average of $6.29. Putnam Managed Municipal Income Trust has a 52-week low of $5.82 and a 52-week high of $6.61.

About Putnam Managed Municipal Income Trust

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.