Putnam Managed Municipal Income Trust (NYSE:PMM - Get Free Report) declared a monthly dividend on Friday, March 7th, NASDAQ Dividends reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.0238 per share on Monday, March 31st. This represents a $0.29 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend is Monday, March 17th.
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 Price Performance
NYSE:PMM traded down $0.03 during trading hours on Wednesday, hitting $6.19. 67,709 shares of the company's stock traded hands, compared to its average volume of 138,864. Putnam Managed Municipal Income Trust has a 52 week low of $5.82 and a 52 week high of $6.61. The business's fifty day simple moving average is $6.19 and its two-hundred day simple moving average is $6.28.
Insider Activity
In related news, major shareholder Of America Corp /De/ Bank bought 16,585 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were acquired at an average cost of $6.02 per share, with a total value of $99,841.70. Following the completion of the purchase, the insider now directly owns 16,585 shares of the company's stock, valued at $99,841.70. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate 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.
Further Reading
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