NYSE:PMM

Putnam Managed Municipal Income Trust - PMM Stock Forecast, Price & News

$7.23

+0.07 (+0.98%)

(As of 08/15/2022 12:00 AM ET)

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Today's Range: $7.14
▼
$7.23
50-Day Range: $6.27
▼
$7.30
52-Week Range: $6.17
▼
$8.90

Volume: 53,764 shs
Average Volume: 146,183 shs
Market Capitalization: $353.40 million

P/E Ratio: N/A
Dividend Yield: 5.31%
Price Target: N/A

About Putnam Managed Municipal Income Trust

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. The fund benchmarks the performance of its portfolio against the Barclays Municipal Bond Index. Putnam Managed Municipal Income Trust was formed on February 24, 1989 and is domiciled in the United States.

Putnam Managed Municipal Income Trust Stock Performance

PMM traded up $0.07 during trading on Monday, reaching $7.23. 53,764 shares of the company's stock were exchanged, compared to its average volume of 146,183. Putnam Managed Municipal Income Trust has a 1 year low of $6.17 and a 1 year high of $8.90. The company's fifty day simple moving average is $6.80 and its 200-day simple moving average is $6.91.

Putnam Managed Municipal Income Trust Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, August 1st. Shareholders of record on Friday, July 22nd were given a dividend of $0.032 per share. This represents a yield of 5.45%. The ex-dividend date was Thursday, July 21st.

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PMM Stock News Headlines

August 1, 2022 | americanbankingnews.com

Putnam Managed Municipal Income Trust (NYSE:PMM) Short Interest Up 36.2% in July

June 14, 2022 | fool.com

Putnam Managed Municipal Income Trust(PMM)

January 29, 2022 | nasdaq.com

Putnam Managed Municipal Income Trust Common Stock (PMM)

January 13, 2022 | finance.yahoo.com

Putnam Managed Muni Income Trust -- Moody's announces completion of a periodic review of ratings of Putnam Managed Muni Income Trust Inc.

August 25, 2021 | nasdaq.com

Monday's ETF with Unusual Volume: XMPT

April 14, 2021 | businesswire.com

Putnam Investments to Hold Webcast for Closed-End Funds

February 19, 2021 | benzinga.com

Ex-Dividend Date Insight: Putnam Managed Municipal

December 18, 2020 | finance.yahoo.com

Putnam Investments Announces Updated 19(a) Notices for Closed-End Municipal Funds

August 7, 2020 | seekingalpha.com

Putnam Managed Municipal Income Trust declares $0.032 dividend

April 15, 2020 | finance.yahoo.com

Annual Meeting of Putnam Closed-End Fund Shareholders to Be Held on April 24, 2020 Solely by Means of Remote Communication

February 20, 2020 | finance.yahoo.com

Putnam Managed Municipal Income Trust (PMM)

January 27, 2020 | finance.yahoo.com

Putnam Managed Muni Income Trust Inc. -- Moody's announces completion of a periodic review of ratings of Putnam Managed Muni Income Trust Inc.

October 23, 2019 | markets.ft.com

Putnam Managed Municipal Income Trust

February 21, 2019 | finance.yahoo.com

Putnam Managed Muni Income Trust -- Moody's announces completion of a periodic review of ratings of Putnam Managed Muni Income Trust

January 10, 2019 | finance.yahoo.com

Putnam Investments to Hold Webcasts for Closed-End Funds

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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PMM Company Calendar

Ex-Dividend for 7/1 Dividend: 6/23/2022
Dividend Payable: 7/01/2022
Ex-Dividend for 8/1 Dividend: 7/21/2022
Dividend Payable: 8/01/2022
Today: 8/16/2022
Fiscal Year End: 10/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Investment offices, not elsewhere classified
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:PMM
CUSIP: N/A
CIK: 844790
Web: www.putnam.com
Phone: (617) 292-1000
Fax: N/A
Employees: N/A
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: 48,880,000
Free Float: 48,875,000
Market Cap: $353.40 million
Optionable: Not Optionable
Beta: 0.36

Key Executives

Mr. Robert Lloyd Reynolds (Age 70)
Pres and Interested Trustee
Ms. Janet C. Smith (Age 57)
Principal Accounting Officer, VP and Assistant Treasurer
Ms. Susan A. McCormack
Sr. VP and Portfolio Mang.
Mr. Paul M. Drury C.F.A.
CFA, Portfolio Mang.
Mr. Kevin Michael Cronin C.F.A. (Age 61)
CFA, Portfolio Mang.
Mr. Joshua Brooks
Portfolio Mang.
Ms. Thalia M. Meehan C.F.A. (Age 61)
CFA, Portfolio Mang.

Key Competitors

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Insiders & Institutions

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View All Institutional Transactions

PMM Stock - Frequently Asked Questions

How have PMM shares performed in 2022?: Putnam Managed Municipal Income Trust's stock was trading at $8.77 at the beginning of 2022. Since then, PMM shares have decreased by 17.6% and is now trading at $7.23.
View the best growth stocks for 2022 here.
Are investors shorting Putnam Managed Municipal Income Trust?: Putnam Managed Municipal Income Trust saw a decline in short interest in the month of July. As of July 31st, there was short interest totaling 60,400 shares, a decline of 52.3% from the July 15th total of 126,500 shares. Based on an average daily volume of 134,600 shares, the days-to-cover ratio is presently 0.4 days.
View Putnam Managed Municipal Income Trust's Short Interest.
How often does Putnam Managed Municipal Income Trust pay dividends? What is the dividend yield for Putnam Managed Municipal Income Trust?: Putnam Managed Municipal Income Trust announced a dividend on Friday, July 15th. Stockholders of record on Friday, July 22nd will be paid a dividend of $0.032 per share on Monday, August 1st. This represents a yield of 5.45%. The ex-dividend date is Thursday, July 21st.
Read our dividend analysis for PMM.
Is Putnam Managed Municipal Income Trust a good dividend stock?: Putnam Managed Municipal Income Trust (NYSE:PMM) pays an annual dividend of $0.38 per share and currently has a dividend yield of 5.31%. PMM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for PMM.

What other stocks do shareholders of Putnam Managed Municipal Income Trust own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Putnam Managed Municipal Income Trust investors own include Verizon Communications (VZ), Southern (SO), ClearBridge MLP and Midstream Fund (CEM), Duff & Phelps Utility and Infrastructure Fund (DPG), Duff & Phelps Select MLP and Midstream Energy Fund (DSE), Consolidated Edison (ED), ClearBridge Energy Midstream Opportunity Fund (EMO), Enterprise Products Partners (EPD), Pfizer (PFE) and SMART Global (SGH).
What is Putnam Managed Municipal Income Trust's stock symbol?: Putnam Managed Municipal Income Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "PMM."
Who are Putnam Managed Municipal Income Trust's major shareholders?: Putnam Managed Municipal Income Trust's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Wells Fargo & Company MN (0.82%), Van ECK Associates Corp (0.34%), Avantax Advisory Services Inc. (0.33%), Keudell Morrison Wealth Management (0.31%), LPL Financial LLC (0.25%) and Capital Investment Advisors LLC (0.22%).
View institutional ownership trends.
How do I buy shares of Putnam Managed Municipal Income Trust?: Shares of PMM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Putnam Managed Municipal Income Trust's stock price today?: One share of PMM stock can currently be purchased for approximately $7.23.
How much money does Putnam Managed Municipal Income Trust make?: Putnam Managed Municipal Income Trust (NYSE:PMM) has a market capitalization of $353.40 million.
How can I contact Putnam Managed Municipal Income Trust?: The official website for the company is www.putnam.com. The company can be reached via phone at (617) 292-1000.

This page (NYSE:PMM) was last updated on 8/16/2022 by MarketBeat.com Staff

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