PMM Dividend History & Yield
Franklin Managed Municipal Income Trust · NYSE
Upcoming dividend payments
| Ex-date | Pay date | Per share | Per 100 shares | Status |
|---|---|---|---|---|
| Fri, Nov 20, 2026 (in 26 days) | Dec 4, 2026 | $0.0295 | $2.95 | Declared |
| Sun, Dec 20, 2026 (in 56 days) | Jan 3, 2027 | $0.0295 | $2.95 | Estimated |
| Tue, Jan 19, 2027 (in 86 days) | Feb 2, 2027 | $0.0295 | $2.95 | Estimated |
| Thu, Feb 18, 2027 (in 116 days) | Mar 4, 2027 | $0.0295 | $2.95 | Estimated |
| Sat, Mar 20, 2027 (in 146 days) | Apr 3, 2027 | $0.0295 | $2.95 | Estimated |
| Mon, Apr 19, 2027 (in 176 days) | May 3, 2027 | $0.0295 | $2.95 | Estimated |
| Wed, May 19, 2027 (in 206 days) | Jun 2, 2027 | $0.0295 | $2.95 | Estimated |
| Fri, Jun 18, 2027 (in 236 days) | Jul 2, 2027 | $0.0295 | $2.95 | Estimated |
| Sun, Jul 18, 2027 (in 266 days) | Aug 1, 2027 | $0.0295 | $2.95 | Estimated |
| Tue, Aug 17, 2027 (in 296 days) | Aug 31, 2027 | $0.0295 | $2.95 | Estimated |
| Thu, Sep 16, 2027 (in 326 days) | Sep 30, 2027 | $0.0295 | $2.95 | Estimated |
| Sat, Oct 16, 2027 (in 356 days) | Oct 30, 2027 | $0.0295 | $2.95 | Estimated |
Estimated dates and amounts are projected from PMM's recent payment pattern and will be replaced by declared figures when the company announces them. Total over the next 12 months: about $0.354 per share.
Dividend payment history
Last 40 payments per share. RegularSpecial
Annual dividends per share
How much PMM do you need for monthly income?
| Target income | Shares needed | Capital at today's price | Per year |
|---|---|---|---|
| $100 / month | 3,390 | $20,169 | $1,200 |
| $500 / month | 16,950 | $100,847 | $6,000 |
| $1,000 / month | 33,899 | $201,695 | $12,000 |
Based on the forward yield of 5.95%. $10,000 in PMM would currently pay about $595 a year ($50 a month on average). Model reinvestment and growth →
PMM dividend history
| Ex-date | Pay date | Amount | Change |
|---|---|---|---|
| Oct 23, 2026 | — | $0.033 | +0.0% |
| Sep 23, 2026 | — | $0.033 | +0.0% |
| Aug 24, 2026 | — | $0.033 | +0.0% |
| Jul 24, 2026 | — | $0.033 | +0.0% |
| Jun 23, 2026 | — | $0.033 | +22.2% |
| May 21, 2026 | — | $0.027 | +0.0% |
| Apr 23, 2026 | — | $0.027 | +0.0% |
| Mar 24, 2026 | — | $0.027 | +0.0% |
| Feb 20, 2026 | — | $0.027 | +0.0% |
| Jan 23, 2026 | — | $0.027 | +0.0% |
| Dec 15, 2025 | — | $0.027 | +0.0% |
| Nov 17, 2025 | — | $0.027 | +0.0% |
| Oct 17, 2025 | — | $0.027 | +0.0% |
| Sep 18, 2025 | — | $0.027 | +0.0% |
| Aug 18, 2025 | — | $0.027 | +0.0% |
| Jul 18, 2025 | — | $0.027 | +0.0% |
| Jun 16, 2025 | — | $0.027 | +0.0% |
| May 19, 2025 | — | $0.027 | +12.5% |
| Apr 17, 2025 | — | $0.024 | +0.0% |
| Mar 17, 2025 | — | $0.024 | +0.0% |
| Feb 24, 2025 | — | $0.024 | +0.0% |
| Jan 24, 2025 | — | $0.024 | +0.0% |
| Dec 23, 2024 | — | $0.024 | +0.0% |
| Nov 22, 2024 | — | $0.024 | +0.0% |
PMM dividend increases & cuts
Market-wide changes →| Ex-date | Change | Old | New | Status |
|---|---|---|---|---|
| Jun 23, 2026 | Raised 22.2% | $0.027 | $0.033 | Paid |
Detected from the regular payment stream; supplemental and special dividends are excluded. Pro members get an email the morning a holding raises or cuts.
Payout risk check
PMM scores 20/100 on our yield-trap heuristic (low risk).
1 warning flag raised:
- Payment was cut within the last 5 years
This is a rule-based screen computed from public data, not a rating or a recommendation. Read our guide to yield traps for what the signals mean.
About Franklin Managed Municipal Income Trust
Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investment Management LLC. It is co-managed by Putnam Investments Limited. The fund invests in the fixed income markets of the United States. It primarily invests in a diversified portfolio of tax-exempt municipal securities, including high-yield securities that are rated below investment grade. The fund benchmarks the performance of its portfolio against the Barclays Municipal Bond Index. Putnam Managed Municipal Income Trust was formed on February 24, 1989 and is domiciled in the United States.
Sector: Financial Services. Industry: Asset Management. First dividend on our records: Apr 14, 1989. 450 payments tracked. Data last refreshed Oct 24, 2026. Spotted a mistake? Report it and we'll fix it.
PMM dividend FAQ
When is PMM's next ex-dividend date?
PMM's next ex-dividend date is Nov 20, 2026 (in 26 days, declared by the company). You must own the shares before that date to receive the payment of about $0.0295 per share, expected on Dec 4, 2026.
How often does PMM pay dividends?
PMM pays dividends every month, 12 times a year. The most recent payment was $0.033 per share with an ex-date of Oct 23, 2026.
What is PMM's dividend yield?
PMM's trailing 12-month dividend yield is 5.95%, based on $0.354 per share paid over the last year and a share price of $5.95. The forward yield, using the indicated annual rate of $0.354 per share, is 5.95%.
How much does PMM pay per share?
PMM pays about $0.0295 per share each month, which works out to roughly $0.354 per share a year. 100 shares would collect about $35.40 a year.
Has PMM grown or cut its dividend?
PMM has raised its annual dividend for 1 consecutive year. Over the last 5 years the regular payout has shrunk at 1.6% a year (+15.7% over the last year). PMM did cut a regular payment within the last 5 years.
How many shares of PMM do I need to earn $100 a month?
At the current forward yield of 5.95%, you would need about 3,390 shares of PMM (roughly $20,169 invested at today's price) to collect $1,200 a year, or $100 a month on average, before taxes. Payments arrive every month, so the monthly figure is an average.
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