Putnam Municipal Opportunities Trust (PMO) to Issue Monthly Dividend of $0.04 on December 2nd

Putnam Municipal Opportunities Trust (NYSE:PMO) announced a monthly dividend on Monday, October 28th, Wall Street Journal reports. Shareholders of record on Friday, November 22nd will be paid a dividend of 0.035 per share by the financial services provider on Monday, December 2nd. This represents a $0.42 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Friday, November 22nd.

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 Performance

Shares of Putnam Municipal Opportunities Trust stock opened at $10.44 on Wednesday. The stock’s fifty day moving average price is $10.65 and its 200-day moving average price is $10.32. Putnam Municipal Opportunities Trust has a 12 month low of $8.64 and a 12 month high of $10.96.

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.