Putnam Managed (NYSE:PMM – Get Free Report) announced a monthly dividend on Monday, February 23rd. Shareholders of record on Tuesday, March 24th will be given a dividend of 0.0265 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, March 24th.
Putnam Managed Price Performance
Shares of Putnam Managed stock traded up $0.02 during mid-day trading on Monday, reaching $6.32. 87,168 shares of the stock traded hands, compared to its average volume of 101,353. The business has a 50-day moving average of $6.25 and a 200 day moving average of $6.12. Putnam Managed has a fifty-two week low of $5.66 and a fifty-two week high of $6.44.
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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