Putnam Managed Municipal Income Trust (PMM) To Go Ex-Dividend on February 24th

Putnam Managed Municipal Income Trust (NYSE:PMM) declared a monthly dividend on Monday, February 10th,NASDAQ Dividends reports. Investors of record on Monday, February 24th will be paid a dividend of 0.0238 per share on Monday, March 3rd. This represents a $0.29 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Monday, February 24th.

Putnam Managed Municipal Income Trust has decreased its dividend by an average of 6.9% annually over the last three years.

Putnam Managed Municipal Income Trust Stock Performance

Shares of PMM stock opened at $6.24 on Wednesday. The stock’s fifty day moving average price is $6.16 and its 200 day moving average price is $6.29. Putnam Managed Municipal Income Trust has a 1-year low of $5.82 and a 1-year high of $6.61.

Insider Buying and Selling at Putnam Managed Municipal Income Trust

In other news, major shareholder Of America Corp /De/ Bank purchased 16,585 shares of the company’s stock in a transaction on Friday, January 10th. The shares were acquired at an average price of $6.02 per share, for a total transaction of $99,841.70. Following the purchase, the insider now owns 16,585 shares in the company, valued at $99,841.70. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.01% of the company’s stock.

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.