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

Putnam Managed Municipal Income Trust (PMM) is set to trade ex-dividend on 9/23/26 for its monthly dividend of $0.033, payable on 9/30/26. Based on PMM’s recent stock price of $5.78, the dividend represents about 0.57% of the share value. All else equal, the stock could open roughly 0.57% lower on 9/23/26. The article notes dividends are not always predictable, and points to PMM’s estimated annualized yield of 6.85% as a reference for whether recent income levels may persist. In the last trade, PMM was $5.79, within a 52-week range of $5.75 to $6.60, and was up about 0.5% on Monday.