Putnam Managed Municipal Income Trust

Putnam Managed Municipal Income Trustverified

PMM

Price:

$6.55

Market Cap:

$304.12M

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.[Read more]

Industry

Asset Management - Income

IPO Date

1989-02-17

Stock Exchange

NYSE

Ticker

PMM

The Dividend Yield as of September 2024 (TTM) for Putnam Managed Municipal Income Trust (PMM) is 4.36%

According to Putnam Managed Municipal Income Trust’s latest financial reports and current stock price. The company's current Dividend Yield is 4.36%. This represents a change of 326.29% compared to the average of 1.02% of the last 4 quarters.

Putnam Managed Municipal Income Trust (PMM) Historical Dividend Yield (quarterly & annually)

How has PMM Dividend Yield performed in the past?

The mean historical Dividend Yield of Putnam Managed Municipal Income Trust over the last ten years is 0.70%. The current 4.36% Dividend Yield has changed 519.88% with respect to the historical average. Over the past ten years (40 quarters), PMM's Dividend Yield was at its highest in in the April 2023 quarter at 4.09%. The Dividend Yield was at its lowest in in the April 2014 quarter at 0%.

Quarterly (TTM)
Annual

Average

0.70%

Median

0%

Minimum

0%

Maximum

7.03%

Putnam Managed Municipal Income Trust (PMM) Dividend Yield by Quarter and Year

Discovering the peaks and valleys of Putnam Managed Municipal Income Trust Dividend Yield, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 0%

Maximum Annual Dividend Yield = 7.03%

Minimum Annual Increase = 0%

Minimum Annual Dividend Yield = 0%

Quarterly (TTM)
Annual
YearDividend YieldChange
20230%-100.00%
20227.03%Infinity%
20210%0%
20200%0%
20190%0%
20180%0%
20170%0%
20160%0%
20150%0%
20140%0%

Putnam Managed Municipal Income Trust (PMM) Average Dividend Yield

How has PMM Dividend Yield performed in the past?

The current Dividend Yield of Putnam Managed Municipal Income Trust (PMM) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

2.34%

5-year avg

1.41%

10-year avg

0.70%

Putnam Managed Municipal Income Trust (PMM) Dividend Yield vs. Peers

How is PMM’s Dividend Yield compared to its peers?

Putnam Managed Municipal Income Trust’s Dividend Yield is less than MFS Investment Grade Municipal Trust (3.90%), less than Eaton Vance National Municipal Opportunities Trust (4.25%), less than BlackRock MuniVest Fund II, Inc. (4.97%), less than DTF Tax-Free Income 2028 Term Fund Inc. (3.46%), less than MFS High Income Municipal Trust (4.39%), less than BlackRock MuniVest Fund, Inc. (4.49%), less than BlackRock MuniYield Quality Fund, Inc. (3.57%), less than BlackRock MuniYield Fund, Inc. (5.19%), less than BlackRock Municipal Income Fund, Inc. (4.98%), less than Nuveen Municipal Credit Opportunities Fund (5.52%), less than Invesco Quality Municipal Income Trust (5.39%), less than MFS Municipal Income Trust (4.48%), less than MFS High Yield Municipal Trust (4.26%), less than MFS Government Markets Income Trust (7.97%), less than Putnam Master Intermediate Income Trust (7.71%), less than MFS Multimarket Income Trust (8.95%),

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