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PMM Dividend

Franklin Managed Municipal Income Trust

NYSEFinancial ServicesStockData as of
Dividend yield
5.63%
Annual dividend
$0.35
Payout ratio
0.00
Frequency
Monthly
Share price
$6.23
Market cap
$267M

Next payment

Ex-dividend date: Pay date: Amount: $0.0330

You must own the shares before the ex-dividend date to receive this payment.

Is PMM a good dividend stock?

What the data shows. These are observations, not recommendations — see the disclaimer at the foot of the page.

  • Yield is above the market median5.63% against a median of 2.85% across US dividend payers.
  • Dividend is comfortably coveredA payout ratio of 0.00 means roughly 0% of earnings go to the dividend, leaving room to keep paying through a weaker year.
  • Dividend has been cut 9 timesAcross 37 complete years, the annual total fell in 2017, 2018, 2023 and earlier. The most recent reduction was in 2023.
  • Pays monthlyPayments arrive twelve times a year rather than the usual four, which suits income being drawn rather than reinvested.

PMM dividend history

Annual dividend per share, 1989 to 2025.

1989199620032010201720242025
Peak $0.7620 in 1991Year the total fellTypical payment × payments that year, split-adjusted, excluding special and one-off distributions. Robust to duplicate records in the source data. The current year is omitted while incomplete.

Recent dividend payments

The last 40 dividend payments for PMM, most recent first.
Ex-dividend datePay dateAmountType
$0.0330Monthly
$0.0330Monthly
$0.0330Monthly
$0.0330Monthly
$0.0330Monthly
$0.0330Monthly
$0.0265Monthly
$0.0265Monthly
$0.0265Monthly
$0.0265Monthly
$0.0265Monthly
$0.0265Monthly
$0.0265Monthly
$0.0265Monthly
$0.0265Monthly
$0.0265Monthly
$0.0265Monthly
$0.0265Monthly
$0.0265Monthly
$0.0238Monthly
$0.0238Monthly
$0.0238Monthly
$0.0238Monthly
$0.0238Monthly
$0.0238Monthly
$0.0238Monthly
$0.0238Monthly
$0.0238Monthly
$0.0238Monthly
$0.0238Monthly
$0.0238Monthly
$0.0238Monthly
$0.0238Monthly
$0.0238Monthly
$0.0238Monthly
$0.0238Monthly
$0.0238Monthly
$0.0238Monthly
$0.0238Monthly
$0.0238Monthly

How much would PMM pay you?

Enter an amount and see the income this dividend would produce — per year, per payment and per month.

Calculate PMM dividend income →

PMM appears in

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Frequently asked questions

Does PMM pay a dividend?
Yes. Franklin Managed Municipal Income Trust pays a monthly dividend, currently yielding 5.63% based on trailing twelve-month payments of $0.35 per share.
How much does PMM pay in dividends?
$0.35 per share over the last twelve months, paid monthly. Special and one-off distributions are excluded from that figure because they do not recur.
When is the next PMM ex-dividend date?
The next ex-dividend date on record is November 20, 2026, with payment on November 30, 2026. You must own the shares before the ex-dividend date to receive that payment.