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

Putnam Managed (NYSE:PMM) announced a monthly dividend on Thursday, November 20th. Investors of record on Friday, January 23rd will be paid a dividend of 0.0265 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, January 23rd.

Putnam Managed Stock Performance

PMM traded down $0.02 during trading on Thursday, reaching $6.08. 66,453 shares of the company’s stock were exchanged, compared to its average volume of 107,991. Putnam Managed has a 1 year low of $5.66 and a 1 year high of $6.46. The company’s fifty day simple moving average is $6.11 and its 200-day simple moving average is $5.97.

About Putnam Managed

Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investment Management LLC. It is co-managed by Putnam Investments Limited. The fund invests in the fixed income markets of the United States. It primarily invests in a diversified portfolio of tax-exempt municipal securities, including high-yield securities that are rated below investment grade.