Franklin Managed Municipal Income Trust (PMM) Dividend Calculator
Franklin Managed Municipal Income Trust · how much PMM pays you, by shares or dollars · updated
100 shares of Franklin Managed Municipal Income Trust (PMM) pay $40.00 a year in dividends, about $3.30 each month, at the current monthly dividend of $0.0330 per share (as of Nov 5, 2026). At the $6.31 share price that is a 6.34% yield, so $10,000 buys about 1,584.9 shares and pays about $634 a year. To get the next payment, buy by Nov 19, 2026.
Per share, a year
$0.40
100 shares, a year
$40.00
$10,000 invested, a year
$633.95
Shares for $1,000 a month
30,000
PMM Franklin Managed Municipal Income Trust
$6.31 · $0.40/yr dividend · 6.28% yield · monthly
Annual income
$40.00
Monthly (average)
$3.33
Per payment (monthly)
$3.33
Dividend yield
6.34%
Yield on cost
—
Enter your cost
Position value
$631
Your payments over the next 12 months
Based on PMM's actual pay dates over the past year
Income over 10 years if the dividend keeps growing 0% a year
Same shares, no reinvestment. Year 10: $40 · 10-year total: $400. Add reinvestment in the DRIP calculator →
How many PMM shares for a monthly income
Shares and money needed to earn each monthly amount from Franklin Managed Municipal Income Trust dividends alone, at today's rate and price, before tax. Spreading it across several stocks lowers the risk that one cut hits your whole income.
| Monthly income | Shares needed | Cost today |
|---|---|---|
| $100 a month | 3,000 | $18,929 |
| $250 a month | 7,500 | $47,322 |
| $500 a month | 15,000 | $94,644 |
| $1,000 a month | 30,000 | $189,288 |
| $2,000 a month | 60,000 | $378,576 |
| $5,000 a month | 150,000 | $946,440 |
What 100 shares of PMM paid each year
Holding 100 shares, you would have received $42.80 in 2016 and $31.20 in 2025, down 27%, without buying another share.
When you get the next PMM dividend
Last day to buy
Nov 19, 2026
Ex-dividend date
Nov 20, 2026
Pay date
Dec 4, 2026
Buy PMM by the close on the last day to buy and you are paid $0.0330 per share on Dec 4, 2026. Buy on the ex-dividend date or later and the seller gets it. PMM ex-dividend dates →
How the PMM dividend is calculated
Yearly income = shares × $0.40
Each payment = shares × $0.0330
Shares for a monthly income = (monthly goal × 12) ÷ $0.40
The rate is Franklin Managed Municipal Income Trust's current dividend as of Nov 5, 2026. A board can raise, cut or skip a dividend, so check the PMM dividend safety grade before counting on it.
Key facts: Franklin Managed Municipal Income Trust (PMM) dividend income
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, 100 shares of Franklin Managed Municipal Income Trust (PMM) pay $40.00 a year in dividends before tax, about $3.30 each month, at $0.40 per share a year.
- At its Nov 5, 2026 share price of $6.31, PMM yields 6.34%: $10,000 buys about 1,584.9 shares, which pay about $633.95 a year.
- Earning $1,000 a month ($12,000 a year) from PMM dividends alone takes about 30,000 shares, roughly $189,288 at today's price, before tax.
- 100 shares of PMM paid $42.80 in dividends in 2016 and $31.20 in 2025, down 27%.
- The next PMM dividend goes ex-dividend on Nov 20, 2026 and is paid on Dec 4, 2026; the last day to buy shares and receive it is Nov 19, 2026.
Cite this page
SmarterDividends, "Franklin Managed Municipal Income Trust (PMM) Dividend Calculator," updated Nov 5, 2026, https://smarterdividends.com/stocks/PMM/dividend-calculator
Frequently asked questions
How much dividend does 100 shares of PMM pay?
As of Nov 5, 2026, 100 shares of Franklin Managed Municipal Income Trust (PMM) pay $40.00 a year in dividends before tax, about $3.30 each month, at $0.40 per share a year.
How much dividend does 1,000 shares of PMM pay?
About $400 a year before tax, or $33.00 each month, at Franklin Managed Municipal Income Trust's current rate of $0.40 per share a year. Buying 1,000 shares costs about $6,310 at the Nov 5, 2026 price.
How many shares of PMM do I need to make $1,000 a month?
About 30,000 shares. $1,000 a month is $12,000 a year; divided by $0.40 a share, that's 30,000 shares, or about $189,288 at today's $6.31 price. Taxes in a regular brokerage account raise the number.
How much do I need to invest in PMM to make $100 a month?
About $18,929. $100 a month is $1,200 a year, and at a 6.34% yield that takes $18,929, or about 3,000 shares.
How often does Franklin Managed Municipal Income Trust pay dividends?
Franklin Managed Municipal Income Trust (PMM) pays every month, so you get 12 payments a year of about $0.0330 per share each.
How is the PMM dividend calculated?
Multiply your shares by the dividend per share. Franklin Managed Municipal Income Trust pays about $0.40 per share a year, so each share earns $0.40 a year and $0.0330 each month. Shares bought on or after the ex-dividend date don't get the next payment.
Are PMM dividends taxed?
In a U.S. taxable account, yes. Regular dividends from most U.S. companies are qualified, taxed at 0%, 15% or 20%, if you held the shares more than 60 days around the ex-dividend date. Foreign companies may also withhold tax at source. Inside an IRA, Roth IRA or 401(k), dividends aren't taxed when paid.
Figures use SmarterDividends data as of Nov 5, 2026, before tax, and assume the current dividend rate holds. For information only, not investment or tax advice. Back to PMM