Putnam Managed Municipal Income Trust (NYSE:PMM – Get Free Report) announced a monthly dividend on Monday, October 28th,NASDAQ Dividends reports. Shareholders of record on Friday, November 22nd will be paid a dividend of 0.0238 per share on Monday, December 2nd. This represents a $0.29 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend is Friday, November 22nd.
Putnam Managed Municipal Income Trust has decreased its dividend payment by an average of 6.9% per year over the last three years.
Putnam Managed Municipal Income Trust Stock Performance
Shares of PMM stock opened at $6.18 on Thursday. Putnam Managed Municipal Income Trust has a 12-month low of $5.68 and a 12-month high of $6.61. The company has a 50 day moving average of $6.38 and a 200-day moving average of $6.26.
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.
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