Putnam Managed (NYSE:PMM – Get Free Report) announced a monthly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, September 23rd will be paid a dividend of 0.033 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Wednesday, September 23rd.
Putnam Managed Trading Up 0.6%
PMM opened at $6.29 on Friday. The stock has a 50-day moving average of $6.38 and a 200-day moving average of $6.29. Putnam Managed has a 52-week low of $5.77 and a 52-week high of $6.60.
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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