Putnam Managed Municipal Income Trust (NYSE:PMM) Plans $0.02 Monthly Dividend

Putnam Managed Municipal Income Trust (NYSE:PMM) declared a monthly dividend on Monday, February 10th,NASDAQ Dividends reports. Stockholders of record on Monday, February 24th will be paid a dividend of 0.0238 per share on Monday, March 3rd. This represents a $0.29 annualized dividend and a dividend yield of 4.58%. 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% annually over the last three years.

Putnam Managed Municipal Income Trust Stock Up 0.1 %

NYSE PMM opened at $6.24 on Wednesday. Putnam Managed Municipal Income Trust has a twelve month low of $5.82 and a twelve month high of $6.61. The stock has a 50-day moving average of $6.16 and a 200 day moving average of $6.29.

Insider Buying and Selling

In other Putnam Managed Municipal Income Trust 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 stock was bought at an average price of $6.02 per share, with a total value of $99,841.70. Following the acquisition, the insider now owns 16,585 shares of the company’s stock, valued at $99,841.70. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.01% of the stock is currently owned by insiders.

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.