Looking at the universe of stocks we cover at Dividend Channel, on 12/19/14, Putnam Managed Municipal Income Trust ( PMM) will trade ex-dividend, for its monthly dividend of $0.0363, payable on 1/2/15. As a percentage of PMM's recent stock price of $7.16, this dividend works out to approximately 0.51%, so look for shares of Putnam Managed Municipal Income Trust to trade 0.51% lower — all else being equal — when PMM shares open for trading on 12/19/14.Below is a dividend history chart for PMM, showing historical dividends prior to the most recent $0.0363 declared by Putnam Managed Municipal Income Trust: In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PMM is likely to continue, and whether the current estimated yield of 6.08% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PMM shares, versus its 200 day moving average: Looking at the chart above, PMM's low point in its 52 week range is $6.51 per share, with $7.32 as the 52 week high point — that compares with a last trade of $7.16. According to the ETF Finder at ETF Channel, PMM makes up 1.18% of the CEF Municipal Income ETF ( XMPT) which is trading relatively unchanged on the day Wednesday. In Wednesday trading, Putnam Managed Municipal Income Trust shares are currently off about 0.4% on the day.