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

Putnam Municipal Opportunities Trust (NYSE:PMO) declared a monthly dividend on Tuesday, December 10th,Wall Street Journal reports. Shareholders of record on Monday, December 23rd will be given a dividend of 0.035 per share by the financial services provider on Thursday, January 2nd. This represents a $0.42 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Monday, December 23rd.

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 Stock Up 0.7 %

Shares of PMO stock traded up $0.07 during trading on Wednesday, reaching $10.69. 7,109 shares of the company’s stock were exchanged, compared to its average volume of 93,159. Putnam Municipal Opportunities Trust has a twelve month low of $9.69 and a twelve month high of $10.96. The firm’s fifty day moving average price is $10.58 and its 200-day moving average price is $10.45.

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.