Putnam Managed Announces Monthly Dividend of $0.03 (NYSE:PMM)

Key Points

• Putnam Managed (NYSE:PMM) has declared a monthly dividend of $0.03, with an ex-dividend date of September 18th, representing a yield of 5.2%.
• The stock opened at $6.12, with a 52-week range of $5.66 to $6.61, and average moving prices of $5.89 over 50 days and $5.95 over 200 days.
• Institutional investors have actively increased their investments in Putnam Managed, with notable increases from Osaic Holdings, Bank of America, and Raymond James, bringing institutional ownership to 13.54%.

Putnam Managed (NYSE:PMM - Get Free Report) declared a monthly dividend on Thursday, August 7th. Investors of record on Thursday, September 18th will be paid a dividend of 0.0265 per share on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Thursday, September 18th.

Putnam Managed Stock Up 0.7%

PMM stock traded up $0.04 on Friday, hitting $6.19. 52,301 shares of the company's stock were exchanged, compared to its average volume of 105,069. The firm has a 50 day moving average price of $5.90 and a two-hundred day moving average price of $5.95. Putnam Managed has a 12-month low of $5.66 and a 12-month high of $6.56.

Putnam Managed 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.