Putnam Managed (NYSE:PMM – Get Free Report) announced a monthly dividend on Wednesday, August 5th. Investors of record on Friday, October 23rd will be given a dividend of $0.0330 per share on Friday, October 30th. This represents a $0.40 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Friday, October 23rd.
Putnam Managed Stock Performance
NYSE PMM opened at $5.96 on Wednesday. Putnam Managed has a 52 week low of $5.39 and a 52 week high of $6.60. The stock’s 50 day moving average price is $5.94 and its two-hundred day moving average price is $6.17.
About Putnam Managed
Putnam Managed Municipal Income Trust (NYSE: PMM) is a closed-end investment company that seeks to provide high current income that is exempt from federal income tax. The fund invests primarily in a diversified portfolio of municipal securities issued by states, municipalities and other governmental entities.
Its portfolio may include general obligation bonds, revenue bonds and other tax-exempt fixed-income securities. The underlying issuers generally use proceeds from these securities to finance public infrastructure and services, such as schools, transportation systems, utilities and health care facilities.
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