PUTNAM MANAGED (NYSE:PMM - Get Free Report) declared a monthly dividend on Wednesday, July 9th, Wall Street Journal reports. Investors of record on Friday, July 18th will be paid a dividend of 0.0265 per share on Thursday, July 31st. This represents a $0.32 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend is Friday, July 18th. This is a 11.3% increase from PUTNAM MANAGED's previous monthly dividend of $0.02.
PUTNAM MANAGED Stock Down 0.2%
NYSE PMM traded down $0.01 during trading hours on Friday, reaching $5.93. The company's stock had a trading volume of 51,234 shares, compared to its average volume of 113,907. The firm has a fifty day simple moving average of $5.93 and a 200-day simple moving average of $6.04. PUTNAM MANAGED has a 52 week low of $5.66 and a 52 week high of $6.61.
Institutional Inflows and Outflows
An institutional investor recently raised its position in PUTNAM MANAGED stock. NewEdge Advisors LLC boosted its holdings in PUTNAM MANAGED (NYSE:PMM - Free Report) by 41.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,381 shares of the company's stock after buying an additional 10,014 shares during the quarter. NewEdge Advisors LLC owned approximately 0.07% of PUTNAM MANAGED worth $211,000 at the end of the most recent reporting period. 13.54% of the stock is owned by institutional investors and hedge funds.
PUTNAM MANAGED Company Profile
(
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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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