Putnam Managed Municipal Income Trust (NYSE:PMM - Get Free Report) declared a monthly dividend on Wednesday, January 8th,NASDAQ Dividends reports. Stockholders of record on Friday, January 24th will be paid a dividend of 0.0238 per share on Monday, February 3rd. This represents a $0.29 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Friday, January 24th.
Putnam Managed Municipal Income Trust has decreased its dividend by an average of 6.9% annually over the last three years.
Putnam Managed Municipal Income Trust Trading Up 0.3 %
PMM stock traded up $0.02 during midday trading on Thursday, reaching $6.08. 191,669 shares of the company's stock traded hands, compared to its average volume of 164,494. The company has a 50-day simple moving average of $6.20 and a two-hundred day simple moving average of $6.29. Putnam Managed Municipal Income Trust has a 1-year low of $5.82 and a 1-year 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.
Read More
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
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
