Putnam Managed Municipal Income Trust Announces $0.0265 Monthly Dividend

Putnam Managed Municipal Income Trust (PMM) declares a $0.0265/share monthly dividend, maintaining a forward yield of 5.45%. The dividend is payable on August 29 and subsequent months, with ex-dividend dates on August 18, September 18, October 17, November 17, and so on. This announcement is in line with previous dividend declarations.

Putnam Managed Municipal Income Trust (PMM), a close-ended fixed income mutual fund managed by Putnam Investment Management LLC, has declared a monthly dividend of $0.0265 per share, set for distribution on November 28th [1]. This dividend represents an annualized yield of 5.4%, indicating a strong income potential for investors. The dividend is payable on August 29 and subsequent months, with ex-dividend dates on August 18, September 18, October 17, November 17, and so on [2, 4].

The company's latest dividend announcement aligns with its previous declarations, providing a stable income stream for shareholders. The fund primarily invests in a diversified portfolio of tax-exempt municipal securities, including high-yield securities that are rated below investment grade [1]. This investment strategy aims to generate consistent income while mitigating the risk associated with lower-rated bonds.

Institutional investors have shown interest in Putnam Managed, with several large investors increasing their stakes in the company's stock. For instance, Wells Fargo & Company MN lifted its stake by 6.5% during the 4th quarter, while Wedbush Securities Inc. grew its position by 37.2% and Invesco Ltd. raised its stake by 132.0% [1]. These investments underscore the fund's appeal among institutional investors.

Despite the positive dividend announcement, PMM's stock has experienced a slight decline, trading down $0.01 during recent trading sessions to hit $5.85. The company's 52-week low is $5.66, and its 52-week high is $6.61 [1]. However, the fund's 50-day simple moving average of $5.89 and 200-day simple moving average of $6.02 indicate a relatively stable price trend.

Investors should carefully consider the fund's investment objectives, risks, and potential returns before making any investment decisions. As with any investment, it is essential to consult with a financial advisor to ensure that PMM aligns with your investment goals and risk tolerance.

References:
[1] https://www.marketbeat.com/instant-alerts/putnam-managed-to-issue-monthly-dividend-of-003-nysepmm-2025-08-08/
[2] https://www.nasdaq.com/press-release/franklin-advisers-inc-announces-distributions-putnam-closed-end-funds-months-august
[4] https://seekingalpha.com/news/4483146-putnam-managed-municipal-income-trust-declares-00265-dividend