Putnam Managed Municipal Income Trust (NYSE:PMM - Get Free Report) announced a monthly dividend on Monday, October 28th, NASDAQ reports. Stockholders of record on Friday, November 22nd will be paid a dividend of 0.0238 per share on Monday, December 2nd. This represents a $0.29 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend is Friday, November 22nd.
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 Price Performance
NYSE PMM traded down $0.02 during trading hours on Tuesday, reaching $6.20. The stock had a trading volume of 155,366 shares, compared to its average volume of 101,841. The stock has a fifty day moving average of $6.43 and a 200 day moving average of $6.22. Putnam Managed Municipal Income Trust has a 52-week low of $5.05 and a 52-week high of $6.61.
About Putnam Managed Municipal Income Trust
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Putnam Managed Municipal Income Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Putnam Managed Municipal Income Trust wasn't on the list.
While Putnam Managed Municipal Income Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
