Putnam Managed Municipal Income Trust declares $0.0238 dividend
Seeking Alpha News (Tue, 26-Mar 8:03 AM ET)
Putnam Investments Announces Distribution Rates for Closed-End Funds
Business Wire (Mon, 25-Mar 8:00 AM ET)
Putnam Investments Announces 19(a) Notices for Closed-end Municipal Funds
Business Wire (Wed, 6-Mar 9:40 AM ET)
Putnam Investments Announces 19(a) Notices for Closed-End Municipal Funds
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The fund seeks to provide high current income free from federal income tax. The fund pursues its goal by investing in a diversified portfolio of tax-exempt municipal securities. The fund currently uses investment leverage by issuing preferred shares.
Putnam Managed Muni Income Com trades on the NYSE stock market under the symbol PMM.
As of March 28, 2024, PMM stock price declined to $5.99 with 348,840 million shares trading.
PMM has a beta of 0.64, meaning it tends to be less sensitive to market movements. PMM has a correlation of 0.18 to the broad based SPY ETF.
PMM has a market cap of $282.12 million. This is considered a Small Cap stock.
In the last 3 years, PMM stock traded as high as $8.92 and as low as $5.00.
PMM has underperformed the market in the last year with a price return of +3.0% while the SPY ETF gained +33.6%. PMM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.3% and -1.9%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
PMM support price is $6.04 and resistance is $6.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PMM stock will trade within this expected range on the day.