Putnam Managed (NYSE:PMM – Get Free Report) declared a monthly dividend on Thursday, May 14th. Stockholders of record on Friday, July 24th will be given a dividend of 0.033 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, July 24th.
Putnam Managed Trading Up 0.2%
Shares of NYSE PMM traded up $0.01 during midday trading on Thursday, hitting $6.29. The company’s stock had a trading volume of 160,452 shares, compared to its average volume of 106,249. Putnam Managed has a 1-year low of $5.77 and a 1-year high of $6.52. The firm’s fifty day moving average price is $6.21 and its 200-day moving average price is $6.21.
Putnam Managed Company Profile
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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