Putnam Managed Municipal Income Trust Dividend
Dividend criteria checks 2/6
Putnam Managed Municipal Income Trust is a dividend paying company with a current yield of 4.84%. Next payment date is on 1st May, 2024 with an ex-dividend date of 23rd April, 2024.
Key information
4.8%
Dividend yield
223%
Payout ratio
| Industry average yield | 2.4% |
| Next dividend pay date | 01 May 24 |
| Ex dividend date | 23 Apr 24 |
| Dividend per share | n/a |
| Earnings per share | US$0.15 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Putnam Managed Municipal Income Trust declares $0.032 dividend
Jan 27Putnam Managed Municipal Income Trust declares $0.032 dividend
Oct 25Putnam Managed Municipal Income Trust declares $0.032 dividend
Sep 23Putnam Managed Municipal Income Trust declares $0.032 dividend
Jan 29Putnam Managed Municipal Income Trust declares $0.032 dividend
Nov 20Stability and Growth of Payments
Fetching dividends data
Stable Dividend: PMM's dividend payments have been volatile in the past 10 years.
Growing Dividend: PMM's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Putnam Managed Municipal Income Trust Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (PMM) | 4.8% |
| Market Bottom 25% (US) | 1.6% |
| Market Top 25% (US) | 4.8% |
| Industry Average (Capital Markets) | 2.4% |
| Analyst forecast in 3 Years (PMM) | n/a |
Notable Dividend: PMM's dividend (4.84%) is higher than the bottom 25% of dividend payers in the US market (1.58%).
High Dividend: PMM's dividend (4.84%) is in the top 25% of dividend payers in the US market (4.8%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (222.8%), PMM's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Insufficient data to calculate PMM's cash payout ratio to determine if its dividend payments are covered by cash flows.