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

Putnam Managed Municipal Income Trust (NYSE:PMM) declared a monthly dividend on Monday, February 10th, NASDAQ Dividends reports. Investors 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 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend 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 Stock Down 0.6 %

Shares of PMM opened at $6.33 on Friday. Putnam Managed Municipal Income Trust has a twelve month low of $5.82 and a twelve month high of $6.61. The firm’s 50 day moving average price is $6.15 and its two-hundred day moving average price is $6.29.

Insider Buying and Selling at Putnam Managed Municipal Income Trust

In related news, major shareholder Of America Corp /De/ Bank purchased 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 purchase, the insider now owns 16,585 shares in the company, valued at $99,841.70. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.01% of the company’s stock.

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.