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. Investors of record on Wednesday, July 24th will be given 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 is Wednesday, July 24th.

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

Putnam Municipal Opportunities Trust Price Performance

NYSE PMO traded up $0.02 during trading hours on Tuesday, hitting $10.17. 31,915 shares of the company were exchanged, compared to its average volume of 86,812. The company has a 50 day moving average of $10.02 and a two-hundred day moving average of $10.14. Putnam Municipal Opportunities Trust has a 52-week low of $8.57 and a 52-week high of $10.57.

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.