Putnam Managed Municipal Income Trust (PMM)
Company Info
Highlights
$267.08M
$1.45
4.12
$9.58M
$9.58M
$5.64 - $6.41
0.31%
0.85
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Putnam Managed Municipal Income Trust (PMM) returned 1.74% year-to-date (YTD) and 4.20% over the past 12 months. Over the past 10 years, PMM returned 3.39% annually, underperforming the S&P 500 benchmark at 10.46%.
PMM
1.74%
4.06%
-2.52%
4.20%
1.95%
3.39%
^GSPC (Benchmark)
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
Monthly Returns
The table below presents the monthly returns of PMM, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.59% | 1.83% | -2.48% | -2.70% | 0.67% | 1.74% | |||||||
| 2024 | 3.20% | -1.39% | -2.06% | -1.94% | 2.97% | 3.73% | 2.00% | 0.85% | 3.22% | -3.17% | 2.78% | -6.79% | 2.84% |
| 2023 | 10.06% | -1.27% | -8.88% | -0.91% | -4.07% | 5.78% | -0.44% | -4.07% | -4.80% | -5.59% | 11.73% | 6.71% | 1.89% |
| 2022 | -14.01% | -1.43% | -3.64% | -8.48% | 7.82% | -3.71% | 4.24% | -5.52% | -12.24% | 2.53% | 16.25% | -5.08% | -24.13% |
| 2021 | 1.77% | 0.02% | 0.40% | 1.73% | 2.57% | 4.29% | -1.57% | 0.37% | -2.67% | -0.70% | 4.87% | 2.11% | 13.71% |
| 2020 | 2.40% | -1.96% | -9.09% | -6.80% | 10.23% | 0.43% | 6.44% | 1.18% | -1.77% | 0.15% | 4.35% | 2.05% | 6.26% |
| 2019 | 6.13% | 3.26% | 2.91% | 0.30% | 0.96% | 2.02% | 4.22% | 2.56% | -2.82% | 2.20% | 1.29% | -0.23% | 25.01% |
| 2018 | -4.17% | 1.44% | 0.45% | -0.25% | 0.73% | -0.01% | -0.02% | 1.83% | -2.82% | -2.62% | 4.32% | -3.14% | -4.49% |
| 2017 | 4.30% | 0.73% | -0.90% | 2.25% | 2.36% | 0.18% | 1.92% | 0.18% | -0.08% | -1.30% | -0.12% | 0.70% | 10.56% |
| 2016 | 1.45% | 0.62% | 3.32% | 2.05% | -0.04% | 4.48% | -0.04% | 0.08% | 0.46% | -5.71% | -4.09% | -0.52% | 1.64% |
| 2015 | 2.99% | -0.72% | 1.19% | -0.19% | -1.27% | -1.44% | 0.94% | -0.76% | 2.52% | 2.61% | -0.87% | 2.73% | 7.84% |
| 2014 | 6.77% | -0.02% | -0.16% | 3.15% | 1.67% | -0.16% | -2.71% | 2.11% | 0.94% | 1.78% | -1.03% | 3.21% | 16.35% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PMM is 60, indicating average performance compared to other stocks on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Putnam Managed Municipal Income Trust (PMM) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Putnam Managed Municipal Income Trust provided a 4.78% dividend yield over the last twelve months, with an annual payout of $0.29 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.29 | $0.31 | $0.38 | $0.38 | $0.38 | $0.38 | $0.36 | $0.40 | $0.43 | $0.44 | $0.45 |
Dividend yield | 4.78% | 4.78% | 5.10% | 6.11% | 4.38% | 4.76% | 4.81% | 5.42% | 5.38% | 6.09% | 5.92% | 6.22% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Managed Municipal Income Trust. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.10 | |||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.31 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.43 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
Dividend Yield & Payout
Dividend Yield
Putnam Managed Municipal Income Trust has a dividend yield of 4.78%, which is quite average when compared to the overall market.
Payout Ratio
Putnam Managed Municipal Income Trust has a payout ratio of 19.70%, which is below the market average. This means Putnam Managed Municipal Income Trust returns a smaller proportion of its earnings to shareholders as dividends, suggesting it retains a higher portion for reinvestment, growth, or debt payment.
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam Managed Municipal Income Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Putnam Managed Municipal Income Trust was 38.66%, occurring on Dec 12, 2008. Recovery took 204 trading sessions.
The current Putnam Managed Municipal Income Trust drawdown is 20.21%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -38.66% | May 16, 2007 | 400 | Dec 12, 2008 | 204 | Oct 6, 2009 | 604 |
| -37.66% | Dec 27, 2021 | 461 | Oct 25, 2023 | — | — | — |
| -30.26% | Nov 13, 1998 | 279 | Dec 22, 1999 | 1364 | May 27, 2005 | 1643 |
| -29.1% | Feb 26, 2020 | 19 | Mar 23, 2020 | 197 | Dec 31, 2020 | 216 |
| -22.1% | Jan 28, 2013 | 160 | Sep 13, 2013 | 531 | Oct 22, 2015 | 691 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Financials
Financial Performance
The chart below illustrates the trends in the financial health of Putnam Managed Municipal Income Trust over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Earnings Per Share
The chart presents the Earnings Per Share (EPS) performance of Putnam Managed Municipal Income Trust, comparing actual results with analytics estimates.
Valuation
The Valuation section provides an overview of how Putnam Managed Municipal Income Trust is priced in the market compared to other companies in the Asset Management industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.
PE Ratio
The chart displays the Price-to-Earnings (P/E) ratio for PMM, comparing it with other companies in the Asset Management industry. Currently, PMM has a P/E ratio of 4.1. This P/E ratio is considered low compared to industry peers, which may suggest that the stock is undervalued or that the company has weaker growth prospects.
PEG Ratio
The chart shows the Price/Earnings to Growth (PEG) ratio for PMM compared to other companies in the Asset Management industry. PMM currently has a PEG ratio of 0.0. This PEG ratio is low compared to industry peers, which could indicate the stock is undervalued relative to its expected growth.
PS Ratio
This chart shows the Price-to-Sales (P/S) ratio for PMM relative to other companies in the Asset Management industry. Currently, PMM has a P/S ratio of 13.9. This P/S ratio is high relative to other companies in the industry. It could mean the stock is overvalued, or that investors expect strong future growth and profitability.
PB Ratio
The chart illustrates the Price-to-Book (P/B) ratio for PMM in comparison with other companies in the Asset Management industry. Currently, PMM has a P/B value of 0.9. This P/B ratio is in line with the industry average, suggesting the stock is valued fairly in relation to its book value.
Income Statement
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