Putnam Managed (PMM) To Go Ex-Dividend on November 17th

Putnam Managed (NYSE:PMM) announced a monthly dividend on Thursday, August 7th, Wall Street Journal reports. Shareholders of record on Monday, November 17th will be given a dividend of 0.0265 per share on Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Monday, November 17th.

Putnam Managed Stock Down 0.2%

Shares of NYSE PMM opened at $6.12 on Friday. Putnam Managed has a 12 month low of $5.66 and a 12 month high of $6.46. The business’s 50 day moving average is $6.11 and its two-hundred day moving average is $5.97.

Institutional Trading of Putnam Managed

Hedge funds have recently bought and sold shares of the stock. Guggenheim Capital LLC increased its holdings in shares of Putnam Managed by 10.2% during the 2nd quarter. Guggenheim Capital LLC now owns 997,567 shares of the company’s stock worth $5,965,000 after purchasing an additional 91,933 shares during the period. Advisors Asset Management Inc. grew its position in Putnam Managed by 9.8% during the first quarter. Advisors Asset Management Inc. now owns 875,831 shares of the company’s stock worth $5,369,000 after buying an additional 78,366 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Putnam Managed by 11.5% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 564,976 shares of the company’s stock valued at $3,412,000 after acquiring an additional 58,216 shares during the period. Raymond James Financial Inc. raised its holdings in Putnam Managed by 4.1% in the 3rd quarter. Raymond James Financial Inc. now owns 548,110 shares of the company’s stock valued at $3,311,000 after acquiring an additional 21,509 shares in the last quarter. Finally, Sit Investment Associates Inc. lifted its position in shares of Putnam Managed by 130.8% in the 1st quarter. Sit Investment Associates Inc. now owns 515,349 shares of the company’s stock worth $3,159,000 after acquiring an additional 292,037 shares during the period. 13.54% of the stock is owned by institutional investors.

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.