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

Putnam Municipal Opportunities Trust (NYSE:PMO) announced a monthly dividend on Tuesday, February 11th,Wall Street Journal reports. Investors of record on Monday, February 24th will be given a dividend of 0.035 per share by the financial services provider on Monday, March 3rd. This represents a $0.42 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend is Monday, February 24th.

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

Putnam Municipal Opportunities Trust Stock Performance

Shares of PMO stock traded up $0.02 during trading hours on Tuesday, reaching $10.70. 33,925 shares of the company’s stock were exchanged, compared to its average volume of 91,368. Putnam Municipal Opportunities Trust has a fifty-two week low of $9.69 and a fifty-two week high of $10.96. The stock’s 50 day moving average is $10.34 and its 200-day moving average is $10.49.

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.