Dividend Information About Putnam Managed Municipal Income Trust: Everything You Need to Know Before Its Exdividend Date Sep 18, 2025

Putnam Managed Municipal Income Trust (PMM) has announced a cash dividend of $0.0265 per share, which will be paid out on Sep 30, 2025. The ex-dividend date for this distribution is set for Sep 18, 2025, meaning that investors must hold shares before this date to be eligible for the payout. The announcement was made on Aug 7, 2025, providing shareholders with over a month of advance notice. This latest dividend amount of $0.0265 is lower than the average of the last 10 dividends, which stands at approximately $0.0347 per share. Investors should note that the most recent dividend, announced on Aug 29, 2025, also aligned with the current distribution amount and type, further highlighting the recent trend of a reduced payout.

Over the past week, several key developments have emerged that could influence the fund’s performance and investor sentiment. Recent reports highlight Franklin Templeton’s announcement of distribution rates for Putnam’s closed-end funds, including PMM, where a $0.0265 per share payout was reaffirmed. This comes amid broader market discussions around municipal income trusts and their role in a shifting interest rate environment. Additionally, market analysts have noted that PMM is currently trading at a discount of approximately 7.0%, with a price of $6.08 as of late. The fund’s yield remains at 5.23%, which, while modest, may still attract income-focused investors. Another significant point of interest is the recent purchase of PMM shares by financial advisors, suggesting a growing confidence in the fund’s strategy and potential for long-term value. These movements, coupled with the recent dividend reduction, have sparked discussions around the fund’s financial health and strategic direction.

In conclusion, Putnam Managed Municipal Income Trust is navigating a period of adjustment, as reflected in its recent dividend cut and market performance. Investors should closely monitor the fund’s ongoing developments, including potential shifts in interest rates and broader market dynamics, as these could impact future distributions and share valuations. It is important to note that the ex-dividend date for this dividend is Sep 18, 2025, which is the last day for investors to purchase the stock and still receive this dividend payment. Any shares acquired after this date will not qualify for the upcoming payout.