Putnam Managed (NYSE:PMM – Get Free Report) declared a monthly dividend on Wednesday, August 5th. Stockholders of record on Friday, October 23rd will be given a dividend of 0.033 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Friday, October 23rd.
Putnam Managed Stock Up 0.5%
Shares of PMM opened at $6.29 on Thursday. The stock has a 50 day moving average price of $6.37 and a 200 day moving average price 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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