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PMM DRIP Calculator & Dividend Yield 2026
5.73% YieldFinancial ServicesFranklin Managed Municipal Income Trust · NYSE
Price: $6.00 · Annual div: $0.3440/share · Frequency: monthly · Payout ratio: N/A · Ex-div: 2026-10-23
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Portfolio growth: DRIP vs No DRIP
Annual dividend income growth
PMM Dividend Yield
PMM (Franklin Managed Municipal Income Trust) has a dividend yield of 5.73%, based on an annual dividend of $0.3440 per share and a price of $6.00. Over the last 12 months it paid $0.3175 per share — a trailing yield of 5.29%. Dividends are paid monthly.
Yield history: over the last 12 payments, PMM's 12-month yield ranged from 4.84% to 5.57%. Full PMM dividend history ↓
More monthly dividend stocks →More high-yield dividend stocks →
PMM DRIP Rate: How Many Shares Your Dividends Buy
With dividends reinvested, a PMM position grows its share count by about 5.53% in the first year at today's price and yield. If the dividend grows -3.5% a year and the price 0.0%, DRIP doubles your number of shares in about 17 years without adding new money.
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🎯 When PMM pays your bills
Year your monthly dividend income covers each expense (based on current settings)
PMM Dividend History — Last 80 Payments
| Ex-Dividend Date | Payment Date | Amount / Share | TTM Yield | Stock Price |
|---|---|---|---|---|
| 2026-11-20Latest | 2026-11-30 | $0.0330 | — | — |
| 2026-10-23 | 2026-10-30 | $0.0330 | 6.26% | $5.60 |
| 2026-09-23 | 2026-09-30 | $0.0330 | 5.57% | $6.18 |
| 2026-08-24 | 2026-08-31 | $0.0330 | 5.44% | $6.20 |
| 2026-07-24 | 2026-07-31 | $0.0330 | 5.06% | $6.54 |
| 2026-06-23 | 2026-06-30 | $0.0330 | 5.20% | $6.24 |
| 2026-05-21 | 2026-05-29 | $0.0265 | 5.16% | $6.16 |
| 2026-04-23 | 2026-04-30 | $0.0265 | 5.20% | $6.11 |
| 2026-03-24 | 2026-03-31 | $0.0265 | 4.84% | $6.51 |
| 2026-02-20 | 2026-02-27 | $0.0265 | 5.38% | $6.25 |
| 2026-01-23 | 2026-01-30 | $0.0265 | 5.38% | $6.20 |
| 2025-12-15 | 2025-12-31 | $0.0265 | 5.42% | $6.11 |
| 2025-11-17 | 2025-11-28 | $0.0265 | 5.36% | $6.12 |
| 2025-10-17 | 2025-10-31 | $0.0265 | 5.30% | $6.14 |
| 2025-09-18 | 2025-09-30 | $0.0265 | 5.53% | $5.84 |
| 2025-08-18 | 2025-08-29 | $0.0265 | 5.45% | $5.87 |
| 2025-07-18 | 2025-07-31 | $0.0265 | 5.29% | $6.00 |
| 2025-06-16 | 2025-06-30 | $0.0265 | 5.34% | $5.90 |
| 2025-05-19 | 2025-05-30 | $0.0265 | 5.23% | $5.97 |
| 2025-04-17 | 2025-04-30 | $0.0238 | 5.00% | $6.19 |
| 2025-03-17 | 2025-03-31 | $0.0238 | 4.90% | $6.32 |
| 2025-02-24 | 2025-03-03 | $0.0238 | 4.61% | $6.20 |
| 2025-01-24 | 2025-02-03 | $0.0238 | 4.74% | $6.02 |
| 2024-12-23 | 2025-01-02 | $0.0238 | 4.49% | $6.36 |
| 2024-11-22 | 2024-12-02 | $0.0238 | 4.56% | $6.27 |
| 2024-10-24 | 2024-11-01 | $0.0238 | 4.38% | $6.52 |
| 2024-09-24 | 2024-10-01 | $0.0238 | 4.50% | $6.34 |
| 2024-08-23 | 2024-09-03 | $0.0238 | 4.50% | $6.34 |
| 2024-07-24 | 2024-08-01 | $0.0238 | 4.64% | $6.15 |
| 2024-06-24 | 2024-07-01 | $0.0238 | 4.71% | $6.07 |
| 2024-05-23 | 2024-06-03 | $0.0238 | 4.87% | $5.87 |
| 2024-04-23 | 2024-05-01 | $0.0238 | 4.77% | $5.99 |
| 2024-03-21 | 2024-04-01 | $0.0238 | 5.19% | $6.12 |
| 2024-02-22 | 2024-03-01 | $0.0238 | 4.69% | $6.27 |
| 2024-01-23 | 2024-02-01 | $0.0238 | 4.98% | $6.07 |
| 2023-12-21 | 2024-01-02 | $0.0238 | 5.85% | $5.85 |
| 2023-11-22 | 2023-12-01 | $0.0238 | 6.12% | $5.20 |
| 2023-10-23 | 2023-11-01 | $0.0238 | 6.12% | $5.34 |
| 2023-09-21 | 2023-10-02 | $0.0238 | 6.35% | $5.78 |
| 2023-08-23 | 2023-09-01 | $0.0238 | 5.76% | $5.96 |
| 2023-07-21 | 2023-08-01 | $0.0238 | 5.78% | $6.08 |
| 2023-06-22 | 2023-07-03 | $0.0238 | 6.71% | $5.83 |
| 2023-05-23 | 2023-06-01 | $0.0238 | 6.16% | $5.97 |
| 2023-04-21 | 2023-05-01 | $0.0238 | 6.12% | $6.14 |
| 2023-03-23 | 2023-04-03 | $0.0320 | 5.71% | $6.73 |
| 2023-02-22 | 2023-03-01 | $0.0320 | 5.56% | $6.91 |
| 2023-01-23 | 2023-02-01 | $0.0320 | 6.15% | $6.24 |
| 2022-12-22 | 2023-01-03 | $0.0320 | 5.84% | $6.58 |
| 2022-11-22 | 2022-12-01 | $0.0320 | 6.56% | $5.85 |
| 2022-10-21 | 2022-11-01 | $0.0320 | 6.68% | $5.75 |
| 2022-09-22 | 2022-10-03 | $0.0320 | 6.53% | $6.37 |
| 2022-08-23 | 2022-09-01 | $0.0320 | 5.53% | $6.94 |
| 2022-07-21 | 2022-08-01 | $0.0320 | 6.28% | $6.62 |
| 2022-06-23 | 2022-07-01 | $0.0320 | 5.59% | $6.87 |
| 2022-05-23 | 2022-06-01 | $0.0320 | 5.96% | $6.44 |
| 2022-04-21 | 2022-05-02 | $0.0320 | 5.95% | $6.99 |
| 2022-03-23 | 2022-04-01 | $0.0320 | 5.18% | $7.42 |
| 2022-02-22 | 2022-03-01 | $0.0320 | 5.06% | $7.59 |
| 2022-01-21 | 2022-02-01 | $0.0320 | 4.34% | $8.84 |
| 2021-12-22 | 2022-01-03 | $0.0320 | 4.51% | $8.51 |
| 2021-11-22 | 2021-12-01 | $0.0320 | 4.99% | $8.33 |
| 2021-10-21 | 2021-11-01 | $0.0320 | 4.96% | $8.39 |
| 2021-09-23 | 2021-10-01 | $0.0320 | 4.47% | $8.60 |
| 2021-08-23 | 2021-09-01 | $0.0320 | 4.42% | $8.68 |
| 2021-07-22 | 2021-08-02 | $0.0320 | 4.70% | $8.86 |
| 2021-06-23 | 2021-07-01 | $0.0320 | 4.51% | $8.52 |
| 2021-05-21 | 2021-06-01 | $0.0320 | 4.59% | $8.37 |
| 2021-04-22 | 2021-05-03 | $0.0320 | 5.14% | $8.10 |
| 2021-03-23 | 2021-04-01 | $0.0320 | 4.72% | $8.14 |
| 2021-02-22 | 2021-03-01 | $0.0320 | 4.31% | $8.17 |
| 2021-01-21 | 2021-02-01 | $0.0320 | 3.99% | $8.02 |
| 2020-12-22 | 2021-01-04 | $0.0320 | — | — |
| 2020-11-23 | 2020-12-01 | $0.0320 | — | — |
| 2020-10-22 | 2020-11-02 | $0.0320 | — | — |
| 2020-09-23 | 2020-10-01 | $0.0320 | — | — |
| 2020-08-21 | 2020-09-01 | $0.0320 | — | — |
| 2020-07-23 | 2020-08-03 | $0.0320 | — | — |
| 2020-06-23 | 2020-07-01 | $0.0320 | — | — |
| 2020-05-21 | 2020-06-01 | $0.0320 | — | — |
| 2020-04-23 | 2020-05-01 | $0.0320 | — | — |
About Franklin Managed Municipal Income Trust (PMM) — Dividend Analysis 2026
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.
PMM Dividend & DRIP — Frequently Asked Questions
What is PMM's dividend yield?
PMM (Franklin Managed Municipal Income Trust) has a dividend yield of 5.73%, based on an annual dividend of $0.3440 per share and a price of $6.00. Over the last 12 months it paid $0.3175 per share — a trailing yield of 5.29%. Dividends are paid monthly.
How much does $10,000 in PMM pay in dividends?
$10,000 in PMM at a 5.73% yield pays about $573 a year ($48 a month) before taxes. With DRIP, reinvested dividends buy more shares and that income compounds.
What is the DRIP rate for PMM?
With dividends reinvested, a PMM position grows its share count by about 5.53% in the first year at today's price and yield. If the dividend grows -3.5% a year and the price 0.0%, DRIP doubles your number of shares in about 17 years without adding new money.
How do I calculate PMM dividend reinvestment (DRIP) returns?
Enter your starting amount, monthly contribution and time horizon in the PMM DRIP calculator at the top of this page. It reinvests each payout into new shares at the projected price, grows the dividend at the rate you choose and shows yearly income, share count, portfolio value and yield on cost. You can switch DRIP off to compare.
When is PMM's next ex-dividend date?
PMM's next ex-dividend date is 2026-10-23. PMM pays dividends monthly. Buy before the ex-dividend date to receive the next payment.
What is PMM's dividend growth rate?
PMM's dividend changed -2.5% over the last year and -3.7% a year on average over five years.
Similar dividend stocks to PMM
Forward dividend yield from the latest data · open any DRIP calculator
This calculation uses the DividendFlow Engine v6.0. Data is verified daily against SEC filings and FMP real-time feeds to ensure projection accuracy.
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🌍 PMM Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold PMM.
| Account/Country | Tax Rate | After-tax Yield | Real Yield | $10K Annual Income |
|---|---|---|---|---|
| 🇺🇸 Roth IRA / 401k | 0% | 5.73% | 2.93% | $573 / yr |
| 🇺🇸 US Taxable (15%) ✓ | 15% | 4.87% | 2.07% | $487 / yr |
| 🇺🇸 US Taxable (20%) | 20% | 4.58% | 1.78% | $458 / yr |
| 🇬🇧 UK ISA | 0% | 5.73% | 2.93% | $573 / yr |
| 🇬🇧 UK Taxable | 8.75% | 5.23% | 2.43% | $523 / yr |
| 🇨🇦 TFSA | 0% | 5.73% | 2.93% | $573 / yr |
| 🇨🇦 CA Taxable | 25% | 4.30% | 1.50% | $430 / yr |
| 🇦🇺 Super (pension) | 15% | 4.87% | 2.07% | $487 / yr |
| 🇦🇺 AU Taxable | 30% | 4.01% | 1.21% | $401 / yr |
| 🇩🇪 DE Taxable | 26.375% | 4.22% | 1.42% | $422 / yr |
| 🇫🇷 FR Taxable | 30% | 4.01% | 1.21% | $401 / yr |
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 PMM Income Goal & Break-Even
12-month CPI (US BLS via FMP economic-indicators).
Based on current dividend of $0.34/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 PMM Dividend Payment Schedule
PMM pays every month — 12 payments per year.
📊 PMM vs Financial Services Benchmarks
How PMM compares to typical Financial Services averages.
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for PMM sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ PMM Insider Activity
When executives buy their own stock, it's a signal they believe in the dividend's sustainability.
| Insider | Title | Type | Date | Shares | Price | Total Value |
|---|---|---|---|---|---|---|
| Buy | 2026-07-17 | 437 | $6.54 | $2.9K | ||
| Sale | 2026-07-16 | 437 | $6.54 | $2.9K | ||
| Buy | 2025-01-10 | 16,585 | $6.02 | $99.8K | ||
| Sale | 2025-01-10 | 2,700 | $6.00 | $16.2K | ||
| Sale | 2025-01-10 | 2,650 | $6.00 | $15.9K | ||
| Sale | 2025-01-10 | 1,900 | $6.00 | $11.4K | ||
| Sale | 2025-01-10 | 1,600 | $6.00 | $9.6K | ||
| Sale | 2025-01-10 | 1,200 | $6.00 | $7.2K | ||
| Sale | 2025-01-10 | 1,035 | $6.00 | $6.2K |
Insider transactions sourced from SEC Form 4 filings via Financial Modeling Prep. See disclaimer.
Peer Group
Similar companies in the same sectorCompare PMM with peers: PMM vs BKT · PMM vs EOT · PMM vs FCT
Financial Health Scores
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the PMM dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →
Franklin Managed Municipal Income Trust (PMM) is currently trading at $6.00, 9% below its 52-week high. The current dividend yield is 5.73% based on an annual payout of $0.3440 per share.
PMM (Franklin Managed Municipal Income Trust) — 5.73% Dividend Yield Analysis
Franklin Managed Municipal Income Trust (PMM) is a financial services stock currently trading at $6.00 with a dividend yield of 5.73%. It pays an annual dividend of $0.3440 per share. Over the past 5 years, PMM's dividend has declined at an average rate of 3.7% a year.
- Dividend payments are not guaranteed and can be reduced or suspended at any time.
Auto-generated from live market data. For educational purposes only — not financial advice.
Latest PMM News
LiveNews aggregated from public sources via Finnhub & RSS. For informational purposes only.
How investors use the PMM dividend calculator
Illustrative examples of common use cases, written by the DividendFlow team — not customer reviews.