Putnam Managed (NYSE:PMM) Announces Monthly Dividend of $0.03

Posted by Scott Moore on Feb 23rd, 2026

Putnam Managed (NYSE:PMM – Get Free Report) declared a monthly dividend on Monday, February 23rd. Stockholders of record on Thursday, May 21st will be given a dividend of 0.0265 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Thursday, May 21st.

Putnam Managed Price Performance

NYSE:PMM traded up $0.02 during mid-day trading on Monday, reaching $6.32. 87,168 shares of the stock were exchanged, compared to its average volume of 101,238. Putnam Managed has a 1-year low of $5.66 and a 1-year high of $6.44. The business has a fifty day moving average price of $6.25 and a 200 day moving average price of $6.12.

Institutional Investors Weigh In On Putnam Managed

Hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC increased its stake in Putnam Managed by 41.1% in the 1st quarter. NewEdge Advisors LLC now owns 34,381 shares of the company’s stock valued at $211,000 after buying an additional 10,014 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Putnam Managed in the 2nd quarter worth $104,000. Wedbush Securities Inc. lifted its position in shares of Putnam Managed by 23.8% in the 2nd quarter. Wedbush Securities Inc. now owns 15,372 shares of the company’s stock worth $92,000 after acquiring an additional 2,960 shares during the period. Allworth Financial LP acquired a new stake in Putnam Managed during the second quarter worth $617,000. Finally, Meridian Wealth Management LLC bought a new stake in Putnam Managed in the second quarter valued at about $85,000. 13.54% of the stock is owned by hedge funds and other institutional investors.

About Putnam Managed

(Get Free Report)

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.