NYSE:PMM

Putnam Managed Municipal Income Trust (PMM) Stock Price, News & Analysis

$5.83
-0.05 (-0.85%)
(As of 11:01 AM ET)
Today's Range
$5.83
$5.87
50-Day Range
$5.88
$6.24
52-Week Range
$5.00
$6.42
Volume
22,117 shs
Average Volume
111,733 shs
Market Capitalization
$270.69 million
P/E Ratio
N/A
Dividend Yield
4.97%
Price Target
N/A
PMM stock logo

About Putnam Managed Municipal Income Trust Stock (NYSE:PMM)

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. The fund benchmarks the performance of its portfolio against the Barclays Municipal Bond Index. Putnam Managed Municipal Income Trust was formed on February 24, 1989 and is domiciled in the United States.

PMM Stock Price History

PMM Stock News Headlines

World’s biggest multibillionaire investor is buying THIS by the ton [picture]
Don't Buy Bullion or Mining Stocks. Do THIS Instead As gold continues to break all-time highs, many folks will run out and buy bullion or mining stocks. That's not the best way to ride this gold bull market higher. Note, this showed a 995% gain the last time we shared this same investment idea.
Putnam Managed Municipal Income Trust (PMM)
More on Putnam Managed Municipal Income Trust
World’s biggest multibillionaire investor is buying THIS by the ton [picture]
Don't Buy Bullion or Mining Stocks. Do THIS Instead As gold continues to break all-time highs, many folks will run out and buy bullion or mining stocks. That's not the best way to ride this gold bull market higher. Note, this showed a 995% gain the last time we shared this same investment idea.
Buy These 3 Putnam Mutual Funds for Steady Gains
Putnam Managed Municipal Income Closed Fund (PMM)
Putnam Managed Municipal Income Closed Fund (PMM)
Monday's ETF with Unusual Volume: XMPT
See More Headlines
Receive PMM Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Putnam Managed Municipal Income Trust and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 5/1 Dividend
4/23/2024
Today
4/25/2024
Dividend Payable
5/01/2024
Ex-Dividend for 6/3 Dividend
5/23/2024
Dividend Payable
6/03/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Investment offices, not elsewhere classified
Sub-Industry
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$12.76 million

Miscellaneous

Free Float
46,426,000
Market Cap
$273.01 million
Optionable
Not Optionable
Beta
0.57
20 Stocks to Sell Now Cover

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.

Get This Free Report

Key Executives

  • Mr. Robert Lloyd Reynolds (Age 72)
    President and Interested Trustee
  • Ms. Janet C. Smith (Age 59)
    Principal Accounting Officer, Vice President and Assistant Treasurer
  • Ms. Susan A. McCormack
    Senior Vice President and Portfolio Manager
  • Mr. Paul M. Drury C.F.A.
    CFA, Portfolio Manager
  • Mr. Kevin Michael Cronin C.F.A. (Age 63)
    CFA, Portfolio Manager
  • Mr. Joshua Brooks
    Portfolio Manager
  • Ms. Thalia M. Meehan C.F.A. (Age 62)
    Portfolio Manager

PMM Stock Analysis - Frequently Asked Questions

How have PMM shares performed in 2024?

Putnam Managed Municipal Income Trust's stock was trading at $6.08 at the start of the year. Since then, PMM stock has decreased by 3.3% and is now trading at $5.88.
View the best growth stocks for 2024 here
.

Are investors shorting Putnam Managed Municipal Income Trust?

Putnam Managed Municipal Income Trust saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 11,300 shares, a drop of 83.2% from the March 15th total of 67,200 shares. Based on an average daily trading volume, of 3,400 shares, the short-interest ratio is presently 3.3 days.
View Putnam Managed Municipal Income Trust's Short Interest
.

How often does Putnam Managed Municipal Income Trust pay dividends? What is the dividend yield for Putnam Managed Municipal Income Trust?

Putnam Managed Municipal Income Trust declared a monthly dividend on Friday, April 19th. Investors of record on Friday, May 24th will be paid a dividend of $0.0238 per share on Monday, June 3rd. This represents a $0.29 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend is Thursday, May 23rd.
Read our dividend analysis for PMM
.

Is Putnam Managed Municipal Income Trust a good dividend stock?

Putnam Managed Municipal Income Trust (NYSE:PMM) pays an annual dividend of $0.29 per share and currently has a dividend yield of 4.84%. PMM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for PMM.

What ETF holds Putnam Managed Municipal Income Trust's stock?

VanEck CEF Municipal Income ETF holds 286,788 shares of PMM stock, representing 0.75% of its portfolio.

What other stocks do shareholders of Putnam Managed Municipal Income Trust own?
How do I buy shares of Putnam Managed Municipal Income Trust?

Shares of PMM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PMM) was last updated on 4/25/2024 by MarketBeat.com Staff

From Our Partners