Ex-Div Reminder For Putnam Managed Municipal Income Trust (PMM)

Looking at the universe of stocks we cover at Dividend Channel, on 6/22/15, Putnam Managed Municipal Income Trust ( PMM) will trade ex-dividend, for its monthly dividend of $0.0363, payable on 7/1/15. As a percentage of PMM's recent stock price of $7.09, 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 6/22/15.

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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:

PMM+Dividend+History+Chart

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 6.14% 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:

Putnam Managed Municipal Income Trust 200 Day Moving Average Chart

Looking at the chart above, PMM's low point in its 52 week range is $6.86 per share, with $7.47 as the 52 week high point — that compares with a last trade of $7.09.

According to the ETF Finder at ETF Channel, PMM makes up 1.23% of the CEF Municipal Income ETF ( XMPT) which is trading relatively unchanged on the day Thursday.

In Thursday trading, Putnam Managed Municipal Income Trust shares are currently trading flat on the day.

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