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

Putnam Managed (NYSE:PMM) announced a monthly dividend on Wednesday, August 5th. Investors of record on Wednesday, September 23rd will be given a dividend of 0.033 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Putnam Managed Stock Up 1.0%

PMM stock traded up $0.06 during trading on Thursday, hitting $6.32. 12,155 shares of the company’s stock traded hands, compared to its average volume of 101,630. Putnam Managed has a 52 week low of $5.77 and a 52 week high of $6.60. The stock has a fifty day moving average price of $6.37 and a two-hundred day moving average price of $6.29.

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.