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

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Putnam Managed Municipal Income Trust (NYSE:PMM - Get Free Report) declared a monthly dividend on Friday, April 19th, NASDAQ reports. Stockholders of record on Friday, May 24th will be given a dividend of 0.0238 per share on Monday, June 3rd. This represents a $0.29 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend is Thursday, May 23rd.

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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 Up 0.2 %

Shares of Putnam Managed Municipal Income Trust stock traded up $0.01 during trading on Tuesday, reaching $6.03. 55,079 shares of the company were exchanged, compared to its average volume of 108,019. The business has a 50-day moving average price of $5.98 and a 200-day moving average price of $6.01. Putnam Managed Municipal Income Trust has a twelve month low of $5.00 and a twelve month high of $6.42.

About Putnam Managed Municipal Income Trust

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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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