Putnam Managed Municipal Income Trust (NYSE:PIM) declared a monthly dividend on Monday, April 15th, Wall Street Journal reports. Stockholders of record on Wednesday, April 24th will be given a dividend of 0.03 per share on Wednesday, May 1st. This represents a $0.36 annualized dividend and a dividend yield of 7.96%. The ex-dividend date of this dividend is Tuesday, April 23rd.

Putnam Managed Municipal Income Trust has decreased its dividend payment by an average of 2.9% per year over the last three years.

Shares of Putnam Managed Municipal Income Trust stock traded up $0.01 on Monday, hitting $4.52. The stock had a trading volume of 264,836 shares, compared to its average volume of 95,268. Putnam Managed Municipal Income Trust has a twelve month low of $4.06 and a twelve month high of $4.82.

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About Putnam Managed Municipal Income Trust

Putnam Master Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors.

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