NYSE · Asset Management · USD

Franklin Managed Municipal Income Trust (PMM) Stock Analysis

Franklin Managed Municipal Income Trust (PMM) is a Asset Management stock listed on NYSE and quoted in US Dollar.

PMM

$6.12

$0.00 (0.00%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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PMM Key Statistics

As of Sep 4, 2026

Trading

Open: $6.15
Previous Close: $6.12
Day's Range: 6.06–6.15
52-Week Range: 5.91–6.60
Volume: 85.50K
Beta: 0.72

Valuation

Market Cap: $262.14M
P/E Ratio: 11.13
P/S ratio: 13.28
EPS (ttm): 0.55

Financials (FY)

Revenue (FY): $12.32M−81.70%
Net Income (FY): $12.09M−81.99%
Profit margin: 61.27%
Shares Outstanding: 42.83M
1-Year Return: +9.76%

Dividend and dates

Dividend: $0.40+6.47%
Ex-Dividend Date: September 23, 2026
Avg Volume: 86.24K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

PMM Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+25.01%−24.13%+0.79%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+0.79%
2025	+10.59%
2024	+2.88%
2023	+1.92%
2022	−24.13%
2021	+13.71%
2020	+6.26%
2019	+25.01%
2018	−4.06%
2017	+10.60%
2016 (partial year)	−9.20%

As of September 4, 2026.

PMM Revenue and Earnings by Fiscal Year

FY ends October

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$12.32M	$12.09M	98.2%
2024	$67.33M	$67.15M	99.7%
2023	$12.76M	$12.34M	96.7%
2022	−$89.62M	−$90.32M	100.8%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$12.32M	—	—	$12.09M	98.2%
2024	$67.33M	—	—	$67.15M	99.7%
2023	$12.76M	—	—	$12.34M	96.7%
2022	−$89.62M	—	—	−$90.32M	100.8%

Annual figures as reported, in the company's reporting currency. As of October 31, 2025.

PMM Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

$0.31+8.3% vs 2024

Dividends per share, 2025 · 12 payments

Year	Dividends per share	Payments	Change
2026*	$0.23	8	—
2025	$0.31	12	+8.3%
2024	$0.29	12	−7.7%
2023	$0.31	12	−18.8%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.23	8	—
2025	$0.31	12	+8.3%
2024	$0.29	12	−7.7%
2023	$0.31	12	−18.8%
2022	$0.38	12	+0.0%
2021	$0.38	12	+0.0%
2020	$0.38	12	+0.0%
2019	$0.38	12	−2.8%
2018	$0.40	13	−1.7%
2017	$0.40	12	+187.1%
2016	$0.14	4	—

Most recent payment: $0.03 per share, ex-dividend August 24, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

PMM Valuation vs Asset Management Median

Median of 561 stocks

Metric	PMM	Asset Management median	vs median
P/E	11.13	10.34	8% above
P/S ratio	13.28	10.42	27% above
Profit margin	61.27%	24.09%	37.2 pts above

Medians across 561 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

Franklin Managed Municipal Income Trust (PMM) carries a market capitalisation of $262.14M. It is classified in the Asset Management industry, within the Financial Services sector.

The 52-week range on file runs from $5.91 to $6.60. The most recent close on file for PMM is $6.12, dated September 4, 2026. The close was unchanged from the previous session. The latest close sits 3.55% above that 52-week low.

Financial Health

In fiscal 2025, Franklin Managed Municipal Income Trust reported revenue of $12.32M. Against the prior fiscal year total of $67.33M, that is a change of −81.70%. The same year closed with net income of $12.09M. That is −81.99% against the prior fiscal year. Profit margin runs at 61.27%. That is 37.2 percentage points above the Asset Management median of 24.09%. Earnings per share on a trailing basis come to 0.55.

Across the 4 fiscal years on file, revenue moves from −$89.62M in 2022 to $12.32M in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 11.13. That is 7.64% above the Asset Management median of 10.34. The price-to-sales ratio is 13.28. On price-to-sales that is 27.46% above the Asset Management median of 10.42. The medians here are taken across 561 Asset Management companies that report the metric.

The trailing one-year price return is +9.76%. Across 10 years the annualized return works out at +2.54%. Beta against the wider market is reported at 0.72. Annualized volatility over the trailing 10 years is 16.06%.

Growth & Income

PMM pays a dividend yielding 6.47%. That is 1.6 percentage points below the Asset Management median yield of 8.11%. The indicated annual rate is $0.40 a share. The ex-dividend date on file is September 23, 2026. Dividends are recorded for 11 calendar years; 2026 shows 8 payments totalling $0.23 a share. The year before, 2025, totalled $0.31 a share.

2026 is still running; the price is +0.79% year to date. Across the complete calendar years on file, 2019 returned +25.01% and 2022 returned −24.13%. Of the 9 complete calendar years on file, 7 finished higher.

Peer Comparison

Franklin Managed Municipal Income Trust (PMM) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Franklin Managed Municipal Income Trust	PMM	$262.14M	11.1
BlackRock, Inc.	BLK	$182.35B	26.9
Blackstone Inc.	BX	$162.74B	30.5
KKR & Co. Inc.	KKR	$99.50B	34.4

The Asset Management industry average P/E ratio is 10.3x. Franklin Managed Municipal Income Trust trades at a P/E of 11.1.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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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.

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