Putnam Managed (PMM) to Issue Quarterly Dividend of $0.03 on December 31st

Putnam Managed (NYSE:PMM) declared a quarterly dividend on Thursday, November 20th. Stockholders of record on Monday, December 15th will be given a dividend of 0.0265 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, December 15th.

Putnam Managed Stock Performance

NYSE:PMM traded down $0.01 on Friday, reaching $6.15. The stock had a trading volume of 275,186 shares, compared to its average volume of 121,445. Putnam Managed has a 12-month low of $5.66 and a 12-month high of $6.44. The company has a 50-day moving average of $6.12 and a 200 day moving average of $6.00.

Institutional Investors Weigh In On Putnam Managed

Institutional investors have recently modified their holdings of the stock. Duncker Streett & Co. Inc. bought a new stake in Putnam Managed in the second quarter valued at about $42,000. Nomura Holdings Inc. bought a new stake in shares of Putnam Managed in the 2nd quarter valued at approximately $60,000. WealthCare Investment Partners LLC bought a new stake in shares of Putnam Managed in the 3rd quarter valued at approximately $61,000. Virtu Financial LLC acquired a new stake in shares of Putnam Managed during the 3rd quarter valued at approximately $69,000. Finally, Wealthcare Advisory Partners LLC bought a new position in Putnam Managed during the second quarter worth $72,000. Institutional investors and hedge funds own 13.54% of the company’s stock.

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.