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

Putnam Municipal Opportunities Trust (NYSE:PMO) announced a monthly dividend on Tuesday, December 10th,Wall Street Journal reports. Stockholders of record on Monday, December 23rd will be paid a dividend of 0.035 per share by the financial services provider on Thursday, January 2nd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Monday, December 23rd.

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

Putnam Municipal Opportunities Trust Price Performance

PMO stock traded up $0.07 during midday trading on Wednesday, reaching $10.69. The stock had a trading volume of 7,109 shares, compared to its average volume of 93,159. The business has a fifty day simple moving average of $10.58 and a two-hundred day simple moving average of $10.45. Putnam Municipal Opportunities Trust has a twelve month low of $9.69 and a twelve 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.