Putnam Managed (NYSE:PMM – Get Free Report) declared a monthly dividend on Wednesday, August 5th. Investors of record on Wednesday, September 23rd will be paid a dividend of 0.033 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Wednesday, September 23rd.
Putnam Managed Stock Performance
Shares of Putnam Managed stock opened at $6.29 on Thursday. The company’s 50 day moving average price is $6.37 and its two-hundred day moving average price is $6.29. Putnam Managed has a fifty-two week low of $5.77 and a fifty-two week high of $6.60.
Institutional Investors Weigh In On Putnam Managed
Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in Putnam Managed during the 4th quarter worth $36,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Putnam Managed during the fourth quarter valued at about $45,000. Nomura Holdings Inc. acquired a new stake in shares of Putnam Managed during the second quarter valued at about $60,000. Mesirow Financial Investment Management Inc. bought a new stake in shares of Putnam Managed during the fourth quarter worth about $63,000. Finally, Virtu Financial LLC bought a new stake in shares of Putnam Managed during the third quarter worth about $69,000. Institutional investors own 13.54% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Putnam Managed
- Blueprint for a Banking Fortress: Circle Redraws the Map
- Bed Bath & Beyond Renovates: The Neighborhood Blueprint
- These Outperforming Giants Are Boosting Dividends in 2026, With Yields of Up to 6.6%
- Why Analysts Are Bullish on a Stock That’s Down 20%
Receive News & Ratings for Putnam Managed Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Putnam Managed and related companies with MarketBeat.com's FREE daily email newsletter.
