NYSE:PMM

Putnam Managed Municipal Income Trust Stock Forecast, Price & News

$8.56

+0.06 (+0.71 %)

(As of 07/28/2021 12:00 AM ET)

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Today's Range

$8.50

▼

$8.56

50-Day Range

$8.35

▼

$8.86

52-Week Range

$7.55

▼

$8.92

Volume27,428 shs

Average Volume65,790 shs

Market Capitalization$418.41 million

P/E RatioN/A

Dividend Yield4.47%

Beta0.26

30 days | 90 days | 365 days | Advanced Chart

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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 Announces Dividend of $0.03 (NYSE:PMM)
July 15, 2021 | americanbankingnews.com

Putnam Investments to Hold Webcast for Closed-End Funds
April 14, 2021 | businesswire.com

Ex-Dividend Date Insight: Putnam Managed Municipal
February 19, 2021 | benzinga.com

Putnam Investments Announces Updated 19(a) Notices for Closed-End Municipal Funds
December 18, 2020 | finance.yahoo.com

Putnam Managed Municipal Income Trust declares $0.032 dividend
August 7, 2020 | seekingalpha.com

Annual Meeting of Putnam Closed-End Fund Shareholders to Be Held on April 24, 2020 Solely by Means of Remote Communication
April 15, 2020 | finance.yahoo.com

Putnam Managed Municipal Income Trust (PMM)
February 20, 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.
January 27, 2020 | finance.yahoo.com

Putnam Managed Municipal Income Trust
October 23, 2019 | markets.ft.com

Putnam Managed Muni Income Trust -- Moody's announces completion of a periodic review of ratings of Putnam Managed Muni Income Trust
February 21, 2019 | finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Investment offices, not elsewhere classified
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:PMM
Previous Symbol
CUSIPN/A
CIK844790
Webwww.putnam.com
Phone(617) 292-1000
EmployeesN/A
Year FoundedN/A

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares48,880,000
Market Cap$418.41 million
Next Earnings DateN/A
OptionableNot Optionable

MarketRank^™

Overall MarketRank^™

0.99 out of 5 stars

Finance Sector

1414th out of 2,033 stocks

Investment Offices, Not Elsewhere Classified Industry

120th out of 174 stocks

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Putnam Managed Municipal Income Trust.

3.3 Community Rank

Outperform Votes
Putnam Managed Municipal Income Trust has received 116 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Putnam Managed Municipal Income Trust has received 60 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Putnam Managed Municipal Income Trust has received 65.91% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Putnam Managed Municipal Income Trust and other stocks. Vote “Outperform” if you believe PMM will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PMM will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
Putnam Managed Municipal Income Trust is a leading dividend payer. It pays a dividend yield of 4.47%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Putnam Managed Municipal Income Trust has only been increasing its dividend for 1 years.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Putnam Managed Municipal Income Trust insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.01% of the stock of Putnam Managed Municipal Income Trust is held by insiders.
Percentage Held by Institutions
Only 9.15% of the stock of Putnam Managed Municipal Income Trust is held by institutions.

0.0 Earnings and Valuation

See Top Rated MarketRank™ Stocks Here

Putnam Managed Municipal Income Trust (NYSE:PMM) Frequently Asked Questions

What stocks does MarketBeat like better than Putnam Managed Municipal Income Trust?

Wall Street analysts have given Putnam Managed Municipal Income Trust a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Putnam Managed Municipal Income Trust wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

How has Putnam Managed Municipal Income Trust's stock price been impacted by Coronavirus (COVID-19)?

Putnam Managed Municipal Income Trust's stock was trading at $7.41 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PMM shares have increased by 15.5% and is now trading at $8.56.
View which stocks have been most impacted by COVID-19.

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 declared a dividend on Thursday, July 15th. Stockholders of record on Friday, July 23rd will be paid a dividend of $0.032 per share on Monday, August 2nd. This represents a dividend yield of 4.43%. The ex-dividend date is Thursday, July 22nd.
View Putnam Managed Municipal Income Trust's dividend history.

Is Putnam Managed Municipal Income Trust a good dividend stock?

Putnam Managed Municipal Income Trust pays an annual dividend of $0.38 per share and currently has a dividend yield of 4.47%. PMM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
View Putnam Managed Municipal Income Trust's dividend history.

Who are Putnam Managed Municipal Income Trust's key executives?

Putnam Managed Municipal Income Trust's management team includes the following people:

Mr. Robert Lloyd Reynolds, Pres and Interested Trustee (Age 69)
Ms. Janet C. Smith, Principal Accounting Officer, VP and Assistant Treasurer (Age 56)
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., CFA, Portfolio Mang. (Age 60)
Mr. Joshua Brooks, Portfolio Mang.
Ms. Thalia M. Meehan C.F.A., CFA, Portfolio Mang. (Age 60)

Who are some of Putnam Managed Municipal Income Trust's key competitors?

Some companies that are related to Putnam Managed Municipal Income Trust include iShares MSCI Australia ETF (EWA), Boulder Growth & Income Fund (BIF), Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX), Tekla Healthcare Investors (HQH), Central Securities (CET), iShares MSCI Hong Kong ETF (EWH), Aberdeen Asia-Pacific Income Fund (FAX), AllianceBernstein Global High Income Fund (AWF), General American Investors (GAM), BlackRock MuniYield Quality Fund III (MYI), SPDR Bloomberg Barclays International Treasury Bond ETF (BWX), Cornerstone Strategic Value Fund (CLM), PIMCO High Income Fund (PHK), Invesco Municipal Opportunity Trust (VMO) and Apollo Investment (AINV).
View all of PMM's competitors.

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), The 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 Joseph P. Lucia & Associates LLC (0.32%), Vanguard Capital Wealth Advisors (0.03%) and Raymond James Trust N.A. (0.02%).
View institutional ownership trends for Putnam Managed Municipal Income Trust.

Which major investors are selling Putnam Managed Municipal Income Trust stock?

PMM stock was sold by a variety of institutional investors in the last quarter, including Vanguard Capital Wealth Advisors.
View insider buying and selling activity for Putnam Managed Municipal Income Trust or view top insider-selling stocks.

Which major investors are buying Putnam Managed Municipal Income Trust stock?

PMM stock was acquired by a variety of institutional investors in the last quarter, including Raymond James Trust N.A., and Joseph P. Lucia & Associates LLC.
View insider buying and selling activity for Putnam Managed Municipal Income Trust or or view top insider-buying stocks.

How do I buy shares of Putnam Managed Municipal Income Trust?

Shares of PMM 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 $8.56.

How much money does Putnam Managed Municipal Income Trust make?

Putnam Managed Municipal Income Trust has a market capitalization of $418.41 million.

What is Putnam Managed Municipal Income Trust's official website?

The official website for Putnam Managed Municipal Income Trust is www.putnam.com.

How can I contact Putnam Managed Municipal Income Trust?

The company can be reached via phone at (617) 292-1000.

This page was last updated on 7/29/2021 by MarketBeat.com Staff

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Putnam Managed Municipal Income Trust Stock Forecast, Price & News

About Putnam Managed Municipal Income Trust

Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

MarketRank™

Overall MarketRank™

0.0 Analyst's Opinion

Consensus Rating

3.3 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment