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

Putnam Managed (NYSE:PMM) announced a monthly dividend on Thursday, November 20th. Investors of record on Friday, February 20th will be paid a dividend of 0.0265 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Friday, February 20th.

Putnam Managed Price Performance

Shares of NYSE:PMM opened at $6.08 on Friday. Putnam Managed has a 12-month low of $5.66 and a 12-month high of $6.46. The business has a 50-day moving average price of $6.11 and a 200 day moving average price of $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.