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

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

Putnam Managed Stock Down 0.2%

PMM traded down $0.02 during trading on Thursday, reaching $6.08. The company had a trading volume of 66,453 shares, compared to its average volume of 107,991. The business has a 50 day simple moving average of $6.11 and a 200-day simple moving average of $5.97. Putnam Managed has a 52 week low of $5.66 and a 52 week high of $6.46.

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.