NYSE:PMM

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

$5.90
+0.02 (+0.34%)
(As of 05:12 PM ET)
Today's Range
$5.89
$5.93
50-Day Range
$5.84
$6.19
52-Week Range
$5.00
$6.42
Volume
95,071 shs
Average Volume
108,664 shs
Market Capitalization
$273.94 million
P/E Ratio
N/A
Dividend Yield
4.92%
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

Automatic Income (from home)
For over 22 years, Wall Street elites have kept this little-known "income hack" from everyday investors… 6 simple clicks have set up HUGE payouts for "in-the-know" investors… Delivering them passive income 365 days a year.
Putnam Managed Municipal Income Trust (PMM)
More on Putnam Managed Municipal Income Trust
Automatic Income (from home)
For over 22 years, Wall Street elites have kept this little-known "income hack" from everyday investors… 6 simple clicks have set up HUGE payouts for "in-the-know" investors… Delivering them passive income 365 days a year.
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
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Company Calendar

Ex-Dividend for 5/1 Dividend
4/23/2024
Dividend Payable
5/01/2024
Today
5/03/2024
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
N/A

Miscellaneous

Free Float
46,426,000
Market Cap
$272.78 million
Optionable
Not Optionable
Beta
0.57
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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 63)
    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 beginning of 2024. Since then, PMM shares have decreased by 3.0% and is now trading at $5.90.
View the best growth stocks for 2024 here
.

Are investors shorting Putnam Managed Municipal Income Trust?

Putnam Managed Municipal Income Trust saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 72,500 shares, an increase of 21.8% from the March 31st total of 59,500 shares. Based on an average daily trading volume, of 115,700 shares, the short-interest ratio is presently 0.6 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 announced a monthly dividend on Friday, April 19th. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date 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 4.87%. 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 281,503 shares of PMM stock, representing 0.74% of its portfolio.

What other stocks do shareholders of Putnam Managed Municipal Income Trust own?
Who are Putnam Managed Municipal Income Trust's major shareholders?

Putnam Managed Municipal Income Trust's stock is owned by a variety of retail and institutional investors. Top institutional investors include Bridgewater Advisors Inc. (0.16%) and WealthBridge Capital Management LLC (0.09%). Insiders that own company stock include Aaron M Cooper, Manoj P Singh, Marie Pillai and Mona Sutphen.
View institutional ownership trends
.

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 5/3/2024 by MarketBeat.com Staff

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