PUTNAM MANAGED (NYSE:PMM - Get Free Report) declared a monthly dividend on Thursday, August 7th. Shareholders of record on Friday, October 17th will be paid a dividend of 0.0265 per share on Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Friday, October 17th.
PUTNAM MANAGED Stock Performance
PMM stock opened at $6.14 on Wednesday. The company has a 50 day moving average price of $5.99 and a 200 day moving average price of $5.94. PUTNAM MANAGED has a fifty-two week low of $5.66 and a fifty-two week high of $6.53.
About PUTNAM MANAGED
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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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