Putnam Managed Municipal Income Trust (PMM) To Go Ex-Dividend on April 23rd

Putnam Managed Municipal Income Trust (NYSE:PMM) declared a monthly dividend on Monday, March 25th, NASDAQ reports. Investors of record on Wednesday, April 24th will be paid a dividend of 0.0238 per share on Wednesday, May 1st. This represents a $0.29 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date is Tuesday, April 23rd.

Putnam Managed Municipal Income Trust has decreased its dividend payment by an average of 6.6% annually over the last three years.

Putnam Managed Municipal Income Trust Trading Up 0.2 %

Shares of PMM opened at $5.90 on Friday. The firm has a fifty day simple moving average of $6.07 and a two-hundred day simple moving average of $5.89. Putnam Managed Municipal Income Trust has a 1-year low of $5.00 and a 1-year high of $6.42.

Institutional Trading of Putnam Managed Municipal Income Trust

Large investors have recently modified their holdings of the company. Captrust Financial Advisors purchased a new position in Putnam Managed Municipal Income Trust in the second quarter worth about $26,000. Quarry LP purchased a new position in shares of Putnam Managed Municipal Income Trust in the second quarter worth approximately $49,000. Envestnet Asset Management Inc. bought a new stake in Putnam Managed Municipal Income Trust during the third quarter valued at approximately $55,000. Kestra Advisory Services LLC purchased a new stake in Putnam Managed Municipal Income Trust during the second quarter valued at approximately $61,000. Finally, Nomura Holdings Inc. purchased a new stake in Putnam Managed Municipal Income Trust during the first quarter valued at approximately $61,000. Institutional investors own 13.54% 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.