Putnam Managed (NYSE:PMM) to Issue $0.03 Dividend

Key Points

• Putnam Managed (NYSE:PMM) has declared a $0.03 dividend, with investors of record on August 19th receiving it on August 29th, resulting in a yield of 537.0%.
• The ex-dividend date is August 18th, 2023, prior to the dividend payout.
• As of the latest trading session, PMM shares opened at $5.92 and have a 52-week price range of $5.66 to $6.61.

Putnam Managed (NYSE:PMM - Get Free Report) declared a dividend on Saturday, August 16th, investing.com reports. Investors of record on Tuesday, August 19th will be given a dividend of 0.0265 per share on Friday, August 29th. This represents a yield of 537.0%. The ex-dividend date is Monday, August 18th.

Putnam Managed Trading Up 0.4%

PMM opened at $5.92 on Friday. The firm's 50 day moving average is $5.89 and its 200-day moving average is $6.01. Putnam Managed has a 52-week low of $5.66 and a 52-week high of $6.61.

About Putnam Managed

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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