Putnam Managed Municipal Income Trust (PMM) To Go Ex-Dividend on December 23rd

Putnam Managed Municipal Income Trust (NYSE:PMM) 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 annualized dividend and a yield of 4.72%. The ex-dividend date of this dividend 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 Down 0.7 %

PMM opened at $6.05 on Friday. The stock has a 50-day moving average price of $6.29 and a 200-day moving average price of $6.30. Putnam Managed Municipal Income Trust has a 1 year low of $5.82 and a 1 year 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.