Putnam Managed (NYSE:PMM – Get Free Report) announced a monthly dividend on Monday, February 23rd. Stockholders of record on Thursday, May 21st will be paid a dividend of 0.0265 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Thursday, May 21st.
Putnam Managed Stock Up 0.3%
Shares of PMM stock traded up $0.02 during trading hours on Monday, reaching $6.32. 87,168 shares of the stock were exchanged, compared to its average volume of 101,238. The business’s fifty day moving average is $6.25 and its two-hundred day moving average is $6.12. Putnam Managed has a 12-month low of $5.66 and a 12-month high of $6.44.
Putnam Managed Company Profile
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.
Featured Stories
- Five stocks we like better than Putnam Managed
- The gold chart Wall Street is terrified of…
- America’s 1776 happening again
- Buy this Gold Stock Before May 2026
- What a Former CIA Agent Knows About the Coming Collapse
- This $15 Stock Could Go Down as the #1 Stock of 2026
Receive News & Ratings for Putnam Managed Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Putnam Managed and related companies with MarketBeat.com's FREE daily email newsletter.
