Putnam Municipal Opportunities Trust (NYSE:PMO) to Issue $0.04 Monthly Dividend

Putnam Municipal Opportunities Trust (NYSE:PMO) announced a monthly dividend on Thursday, January 9th,Wall Street Journal reports. Investors of record on Friday, January 24th will be paid a dividend of 0.035 per share by the financial services provider on Monday, February 3rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend is Friday, January 24th.

Putnam Municipal Opportunities Trust has decreased its dividend payment by an average of 4.2% per year over the last three years.

Putnam Municipal Opportunities Trust Price Performance

PMO stock traded down $0.04 during trading hours on Thursday, reaching $10.07. 87,154 shares of the stock were exchanged, compared to its average volume of 80,991. The firm’s 50-day moving average is $10.39 and its 200-day moving average is $10.47. Putnam Municipal Opportunities Trust has a 12 month low of $9.69 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.