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

Putnam Managed Municipal Income Trust (NYSE:PMM) declared a monthly dividend on Wednesday, January 8th,NASDAQ Dividends reports. Investors 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 annualized dividend and a yield of 4.70%. The ex-dividend date is Friday, January 24th.

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 traded up $0.02 during midday trading on Thursday, hitting $6.08. The stock had a trading volume of 191,669 shares, compared to its average volume of 164,494. The business has a 50-day simple moving average of $6.20 and a two-hundred day simple moving average of $6.29. Putnam Managed Municipal Income Trust has a fifty-two week low of $5.82 and a fifty-two week 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.