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

Putnam Municipal Opportunities Trust (NYSE:PMO) announced a monthly dividend on Monday, March 25th, Wall Street Journal reports. Stockholders of record on Wednesday, April 24th will be given a dividend of 0.035 per share by the financial services provider on Wednesday, May 1st. This represents a $0.42 annualized dividend and a dividend yield of 4.28%. The ex-dividend date is Tuesday, April 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

Putnam Municipal Opportunities Trust stock opened at $9.82 on Monday. The firm has a 50 day simple moving average of $10.16 and a 200-day simple moving average of $9.94. Putnam Municipal Opportunities Trust has a 1-year low of $8.57 and a 1-year high of $10.57.

Institutional Trading of Putnam Municipal Opportunities Trust

Several hedge funds have recently made changes to their positions in PMO. Ameriprise Financial Inc. lifted its holdings in shares of Putnam Municipal Opportunities Trust by 15.3% in the 1st quarter. Ameriprise Financial Inc. now owns 811,417 shares of the financial services provider’s stock worth $8,360,000 after acquiring an additional 107,784 shares during the last quarter. UBS Group AG lifted its holdings in shares of Putnam Municipal Opportunities Trust by 24.6% in the 4th quarter. UBS Group AG now owns 287,226 shares of the financial services provider’s stock worth $2,938,000 after acquiring an additional 56,631 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Putnam Municipal Opportunities Trust by 33.7% in the 4th quarter. Bank of America Corp DE now owns 285,419 shares of the financial services provider’s stock worth $3,097,000 after acquiring an additional 71,870 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Putnam Municipal Opportunities Trust by 40.7% in the 4th quarter. Morgan Stanley now owns 252,727 shares of the financial services provider’s stock worth $2,742,000 after acquiring an additional 73,119 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of Putnam Municipal Opportunities Trust by 20.8% in the 1st 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. Hedge funds and other institutional investors own 20.40% of the company’s stock.

About Putnam Municipal Opportunities Trust

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.