Putnam Managed Municipal Income Trust (NYSE:PMM – Get Free Report) announced a monthly dividend on Monday, December 9th,NASDAQ Dividends reports. Shareholders of record on Monday, December 23rd will be given a dividend of 0.0238 per share on Thursday, January 2nd. This represents a $0.29 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date is Monday, December 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
PMM stock opened at $6.05 on Friday. Putnam Managed Municipal Income Trust has a 1-year low of $5.82 and a 1-year high of $6.61. The business has a fifty day moving average price of $6.29 and a 200-day moving average price of $6.30.
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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