Putnam Managed (NYSE:PMM – Get Free Report) announced a monthly dividend on Monday, February 23rd. Shareholders of record on Thursday, May 21st will be given a dividend of 0.0265 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Thursday, May 21st.
Putnam Managed Price Performance
PMM stock opened at $6.20 on Tuesday. Putnam Managed has a twelve month low of $5.77 and a twelve month high of $6.52. The company’s 50 day moving average is $6.20 and its two-hundred day moving average is $6.21.
About Putnam Managed
Putnam Managed Municipal Income Trust (NYSE: PMM) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The trust’s primary business activity is the active management of a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by U.S. states and municipalities. Using a flexible approach, PMM’s portfolio managers may also invest in below-investment-grade or unrated municipal securities, subject to quality restrictions, to enhance yield potential.
Established in September 1993, PMM has a long history of targeting tax-exempt income for its shareholders.
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