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

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 paid a dividend of 0.0238 per share on Thursday, January 2nd. This represents a $0.29 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Monday, December 23rd.

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 Up 0.2 %

Putnam Managed Municipal Income Trust stock traded up $0.01 during mid-day trading on Wednesday, reaching $6.38. 247,706 shares of the stock traded hands, compared to its average volume of 103,659. Putnam Managed Municipal Income Trust has a 12-month low of $5.82 and a 12-month high of $6.61. The business’s 50-day moving average is $6.32 and its 200-day moving average is $6.29.

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.