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

Posted by Trevor Kearing on Mar 8th, 2025

Putnam Managed Municipal Income Trust (NYSE:PMM – Get Free Report) declared a monthly dividend on Friday, March 7th, NASDAQ Dividends reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date 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 Stock Performance

Shares of NYSE:PMM traded down $0.04 on Friday, reaching $6.20. 68,304 shares of the company’s stock were exchanged, compared to its average volume of 142,007. The company has a fifty day moving average of $6.18 and a 200-day moving average of $6.28. Putnam Managed Municipal Income Trust has a twelve month low of $5.82 and a twelve month high of $6.61.

Insiders Place Their Bets

In other news, major shareholder Of America Corp /De/ Bank purchased 16,585 shares of Putnam Managed Municipal Income Trust stock in a transaction that occurred on Friday, January 10th. The shares were acquired at an average price of $6.02 per share, for a total transaction of $99,841.70. Following the transaction, the insider now 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 document filed with the SEC, which is available through this link. Company insiders own 0.01% of the company’s stock.

About Putnam Managed Municipal Income Trust

(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.