Putnam Municipal Opportunities Trust (NYSE:PMO) Declares Monthly Dividend of $0.04

Putnam Municipal Opportunities Trust (NYSE:PMO) announced a monthly dividend on Monday, September 30th, Wall Street Journal reports. Stockholders of record on Thursday, October 24th will be paid a dividend of 0.035 per share by the financial services provider on Friday, November 1st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, October 24th.

Putnam Municipal Opportunities Trust has decreased its dividend payment by an average of 9.4% per year over the last three years.

Putnam Municipal Opportunities Trust Price Performance

Shares of NYSE:PMO opened at $10.72 on Tuesday. The company’s fifty day moving average is $10.66 and its two-hundred day moving average is $10.30. Putnam Municipal Opportunities Trust has a 12-month low of $8.57 and a 12-month high of $10.96.

Putnam Municipal Opportunities Trust Company Profile

Putnam Municipal Opportunities Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in fixed income markets of United States. The fund invests in companies operating across healthcare, utilities, transportation, water and sewer, and housing sectors.