Putnam Managed Municipal Income Trust (NYSE:PMM - Get Free Report) announced a monthly dividend on Monday, February 10th,NASDAQ Dividends reports. Stockholders of record on Monday, February 24th will be given a dividend of 0.0238 per share on Monday, March 3rd. This represents a $0.29 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date is Monday, February 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 Trading Up 2.7 %
PMM traded up $0.17 during trading on Friday, reaching $6.37. The company's stock had a trading volume of 324,363 shares, compared to its average volume of 137,977. Putnam Managed Municipal Income Trust has a 1 year low of $5.82 and a 1 year high of $6.61. The firm has a fifty day simple moving average of $6.15 and a two-hundred day simple moving average of $6.29.
Insiders Place Their Bets
In other news, major shareholder Of America Corp /De/ Bank acquired 16,585 shares of the firm's stock in a transaction dated Friday, January 10th. The stock was acquired at an average cost of $6.02 per share, with a total value of $99,841.70. Following the transaction, the insider now owns 16,585 shares in the company, valued at approximately $99,841.70. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.01% of the company's stock.
Putnam Managed Municipal Income Trust Company Profile
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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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