Putnam Managed Municipal Income Trust (NYSE:PIM) declared a monthly dividend on Monday, April 15th, Wall Street Journal reports. Shareholders of record on Friday, May 24th will be given a dividend of 0.03 per share on Monday, June 3rd. This represents a $0.36 annualized dividend and a dividend yield of 7.96%. The ex-dividend date of this dividend is Thursday, May 23rd.

Putnam Managed Municipal Income Trust has decreased its dividend by an average of 2.9% per year over the last three years.

Shares of PIM stock traded up $0.01 during trading hours on Monday, hitting $4.52. 264,836 shares of the company were exchanged, compared to its average volume of 95,268. Putnam Managed Municipal Income Trust has a 52-week low of $4.06 and a 52-week high of $4.82.

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Putnam Managed Municipal Income Trust Company Profile

Putnam Master Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors.

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