Putnam Managed Municipal Income Trust (NYSE:PMM) Plans Dividend of $0.03

Putnam Managed Municipal Income Trust (NYSE:PMM) declared a dividend on Friday, January 1st, investing.com reports. Stockholders of record on Friday, January 22nd will be given a dividend of 0.032 per share on Monday, February 1st. This represents a dividend yield of 4.85%. The ex-dividend date of this dividend is Thursday, January 21st.

Putnam Managed Municipal Income Trust stock opened at $8.07 on Friday. Putnam Managed Municipal Income Trust has a 1 year low of $5.92 and a 1 year high of $8.44. The business has a 50-day moving average of $7.91 and a 200-day moving average of $7.74.

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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