Putnam Managed Municipal Income Trust (NYSE:PMM – Get Free Report) declared a monthly dividend on Monday, May 20th, NASDAQ reports. Shareholders of record on Monday, June 24th will be paid a dividend of 0.0238 per share on Monday, July 1st. This represents a $0.29 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend is Monday, June 24th.
Putnam Managed Municipal Income Trust has decreased its dividend by an average of 6.9% per year over the last three years.
Putnam Managed Municipal Income Trust Stock Performance
Shares of NYSE:PMM opened at $6.25 on Friday. The business has a fifty day moving average of $6.00 and a 200-day moving average of $6.07. Putnam Managed Municipal Income Trust has a twelve month low of $5.00 and a twelve month high of $6.42.
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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