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

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 given a dividend of 0.0238 per share on Friday, November 1st. This represents a dividend of $0.29 on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend is Thursday, October 24.

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

Putnam Managed Municipal Income Trust Trading falls 0.6%

Shares of NYSE PMM traded down $0.04 during trading hours on Wednesday, reaching $6.48. The stock had a trading volume of 198,423 shares, compared to its average volume of 101,820. The company’s 50-day moving average price is $6.39, and its two-hundred-day moving average price is $6.17. Putnam Managed Municipal Income Trust has a 52-week low of $5.00 and a 52-week high of $6.61.

Company Profile of Putnam Managed Municipal Income Trust

(Get a free report)

Putnam Managed Municipal Income Trust is a closed-end fixed income mutual fund launched and managed by Putnam Investment Management LLC. It is co-managed by Putnam Investments Limited. The fund invests in fixed income markets in the United States. It invests primarily in a diversified portfolio of tax-exempt municipal securities, including high-yield securities that are rated below investment grade.

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