Putnam Managed Municipal Income Trust (NYSE:PMM – Get Free Report) declared a monthly dividend on Monday, October 28th, NASDAQ reports. Investors of record on Friday, November 22nd will be given a dividend of 0.0238 per share on Monday, December 2nd. This represents a $0.29 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend is Friday, November 22nd.
Putnam Managed Municipal Income Trust has decreased its dividend payment by an average of 6.9% per year over the last three years.
Putnam Managed Municipal Income Trust Price Performance
Putnam Managed Municipal Income Trust stock opened at $6.20 on Wednesday. Putnam Managed Municipal Income Trust has a 12 month low of $5.05 and a 12 month high of $6.61. The stock has a fifty day simple moving average of $6.43 and a two-hundred day simple moving average of $6.22.
About Putnam Managed Municipal Income Trust
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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