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

Putnam Municipal Opportunities Trust (NYSE:PMO) declared a monthly dividend on Monday, July 1st, Wall Street Journal reports. Shareholders of record on Wednesday, July 24th will be paid a dividend of 0.035 per share by the financial services provider on Thursday, August 1st. This represents a $0.42 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend is Wednesday, July 24th.

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

Putnam Municipal Opportunities Trust Price Performance

Shares of Putnam Municipal Opportunities Trust stock traded up $0.02 during trading hours on Tuesday, hitting $10.17. The company’s stock had a trading volume of 31,915 shares, compared to its average volume of 86,812. The business has a fifty day moving average of $10.02 and a 200 day moving average of $10.14. Putnam Municipal Opportunities Trust has a 1-year low of $8.57 and a 1-year high of $10.57.

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.