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

Putnam Managed Municipal Income Trust (NYSE:PMM) declared a monthly dividend on Wednesday, January 8th,NASDAQ Dividends reports. Stockholders of record on Friday, January 24th will be given a dividend of 0.0238 per share on Monday, February 3rd. This represents a $0.29 dividend on an annualized basis 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% per year over the last three years.

Putnam Managed Municipal Income Trust Trading Up 0.3 %

Shares of Putnam Managed Municipal Income Trust stock opened at $6.08 on Friday. Putnam Managed Municipal Income Trust has a one year low of $5.82 and a one year high of $6.61. 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 Company Profile

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.