Putnam Managed Municipal Income Trust (NYSE:PMM) Plans Monthly Dividend of $0.02

by · The Cerbat Gem

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 paid a dividend of 0.0238 per share on Monday, March 31st. This represents a $0.29 annualized dividend and a dividend yield of 4.60%. 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% annually over the last three years.

Putnam Managed Municipal Income Trust Stock Performance

Shares of PMM stock traded down $0.04 during trading hours on Friday, hitting $6.20. 68,304 shares of the company were exchanged, compared to its average volume of 142,007. Putnam Managed Municipal Income Trust has a one year low of $5.82 and a one year high of $6.61. The business’s 50-day simple moving average is $6.18 and its two-hundred day simple moving average is $6.28.

Insider Transactions at Putnam Managed Municipal Income Trust

In other Putnam Managed Municipal Income Trust news, major shareholder Of America Corp /De/ Bank bought 16,585 shares of the business’s stock in a transaction on Friday, January 10th. The shares were purchased at an average price of $6.02 per share, with a total value of $99,841.70. Following the completion of the acquisition, the insider now directly owns 16,585 shares of the company’s stock, valued at approximately $99,841.70. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.01% of the company’s stock.

Putnam Managed Municipal Income Trust Company Profile

(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.

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