Putnam Managed to Issue Monthly Dividend of $0.03 (NYSE:PMM)

Posted by Andrew Walz on Feb 23rd, 2026

Putnam Managed (NYSE:PMM – Get Free Report) announced a monthly dividend on Monday, February 23rd. Stockholders of record on Tuesday, March 24th will be paid a dividend of 0.0265 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Tuesday, March 24th.

Putnam Managed Price Performance

Shares of PMM stock traded up $0.02 on Monday, hitting $6.32. The stock had a trading volume of 87,168 shares, compared to its average volume of 101,353. The company’s 50 day moving average price is $6.25 and its 200-day moving average price is $6.12. Putnam Managed has a 1 year low of $5.66 and a 1 year high of $6.44.

Institutional Trading of Putnam Managed

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new position in shares of Putnam Managed in the fourth quarter valued at approximately $36,000. Nomura Holdings Inc. acquired a new stake in Putnam Managed during the 2nd quarter worth approximately $60,000. WealthCare Investment Partners LLC purchased a new position in Putnam Managed in the 3rd quarter valued at approximately $61,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of Putnam Managed in the fourth quarter worth $63,000. Finally, Virtu Financial LLC acquired a new position in shares of Putnam Managed in the third quarter worth $69,000. Institutional investors and hedge funds own 13.54% of the company’s stock.

About Putnam Managed

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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.