Putnam Managed (PMM) to Issue Monthly Dividend of $0.03 on April 30th

Putnam Managed (NYSE:PMM) declared a monthly dividend on Monday, February 23rd. Investors of record on Thursday, April 23rd will be given a dividend of 0.0265 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Thursday, April 23rd.

Putnam Managed Stock Performance

Shares of PMM stock opened at $6.36 on Wednesday. Putnam Managed has a 52-week low of $5.66 and a 52-week high of $6.44. The stock’s 50-day moving average price is $6.25 and its 200 day moving average price is $6.13.

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.