Putnam Managed Municipal Income Trust (NYSE:PMM – Get Free Report) announced a monthly dividend on Monday, September 30th, NASDAQ reports. Stockholders of record on Thursday, October 24th will be paid a dividend of 0.0238 per share on Friday, November 1st. This represents a $0.29 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Thursday, October 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 Down 0.5 %
Shares of Putnam Managed Municipal Income Trust stock opened at $6.47 on Tuesday. Putnam Managed Municipal Income Trust has a 1 year low of $5.00 and a 1 year high of $6.61. The stock has a fifty day moving average price of $6.44 and a 200-day moving average price of $6.21.
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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