Putnam Managed (NYSE:PMM – Get Free Report) announced a monthly dividend on Thursday, May 14th. Shareholders of record on Friday, July 24th will be paid a dividend of 0.033 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Friday, July 24th.
Putnam Managed Stock Performance
NYSE:PMM opened at $6.23 on Friday. Putnam Managed has a one year low of $5.77 and a one year high of $6.52. The business has a fifty day moving average price of $6.21 and a 200-day moving average price of $6.21.
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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