Putnam Managed Municipal Income Trust (PMM) To Go Ex-Dividend on February 24th

Putnam Managed Municipal Income Trust (NYSE:PMM) announced a monthly dividend on Monday, February 10th, NASDAQ Dividends reports. Shareholders 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 payment by an average of 6.9% per year over the last three years.

Putnam Managed Municipal Income Trust Stock Performance

PMM opened at $6.33 on Friday. Putnam Managed Municipal Income Trust has a 1-year low of $5.82 and a 1-year high of $6.61. The firm has a 50-day moving average price of $6.15 and a two-hundred day moving average price of $6.29.

Insider Transactions at Putnam Managed Municipal Income Trust

In other news, major shareholder Of America Corp /De/ Bank acquired 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, with a total value of $99,841.70. Following the purchase, the insider now directly owns 16,585 shares of the company’s stock, valued at $99,841.70. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.01% of the stock is owned by corporate insiders.

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.