Putnam Municipal Opportunities Trust (NYSE:PMO) Declares $0.05 Monthly Dividend

Putnam Municipal Opportunities Trust (NYSE:PMOGet Rating) announced a monthly dividend on Wednesday, November 23rd, Wall Street Journal reports. Investors of record on Tuesday, January 24th will be given a dividend of 0.0531 per share by the financial services provider on Wednesday, February 1st. This represents a $0.64 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date is Monday, January 23rd.

Putnam Municipal Opportunities Trust has increased its dividend by an average of 5.1% annually over the last three years.

Putnam Municipal Opportunities Trust Price Performance

Shares of Putnam Municipal Opportunities Trust stock opened at $11.24 on Wednesday. The business’s fifty day moving average is $10.39 and its two-hundred day moving average is $11.20. Putnam Municipal Opportunities Trust has a fifty-two week low of $9.75 and a fifty-two week high of $15.00.

Institutional Trading of Putnam Municipal Opportunities Trust

Large investors have recently added to or reduced their stakes in the stock. Raymond James & Associates lifted its holdings in Putnam Municipal Opportunities Trust by 20.8% in the first quarter. Raymond James & Associates now owns 243,734 shares of the financial services provider’s stock worth $2,840,000 after acquiring an additional 42,034 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Putnam Municipal Opportunities Trust by 2.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 123,430 shares of the financial services provider’s stock valued at $1,438,000 after buying an additional 3,380 shares in the last quarter. Bank of Montreal Can bought a new position in Putnam Municipal Opportunities Trust during the first quarter valued at about $263,000. NewEdge Advisors LLC boosted its position in shares of Putnam Municipal Opportunities Trust by 39.1% in the 1st quarter. NewEdge Advisors LLC now owns 46,761 shares of the financial services provider’s stock valued at $544,000 after purchasing an additional 13,150 shares during the period. Finally, Worth Asset Management LLC acquired a new stake in Putnam Municipal Opportunities Trust during the 1st quarter worth about $169,000. 11.79% of the stock is currently owned by institutional investors and hedge funds.

About Putnam Municipal Opportunities Trust

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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.

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Dividend History for Putnam Municipal Opportunities Trust (NYSE:PMO)

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