Putnam Mun Oppo (PMO) To Go Ex-Dividend on November 20th

Putnam Mun Oppo (NYSE:PMO) declared a monthly dividend on Wednesday, August 5th. Stockholders of record on Friday, November 20th will be paid a dividend of 0.052 per share by the financial services provider on Monday, November 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, November 20th.

Putnam Mun Oppo Stock Up 0.5%

Putnam Mun Oppo stock opened at $10.29 on Friday. The stock’s 50 day moving average is $10.54 and its 200 day moving average is $10.51. Putnam Mun Oppo has a one year low of $9.72 and a one year high of $10.87.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PMO. Elyxium Wealth LLC bought a new stake in shares of Putnam Mun Oppo in the 4th quarter valued at $44,000. Fifth Third Bancorp lifted its holdings in Putnam Mun Oppo by 269.4% in the first quarter. Fifth Third Bancorp now owns 9,379 shares of the financial services provider’s stock valued at $97,000 after buying an additional 6,840 shares during the period. Nomura Holdings Inc. bought a new stake in Putnam Mun Oppo during the second quarter valued at $99,000. Citadel Advisors LLC acquired a new stake in Putnam Mun Oppo during the 3rd quarter worth about $106,000. Finally, MML Investors Services LLC bought a new position in shares of Putnam Mun Oppo in the 4th quarter worth about $107,000. Institutional investors and hedge funds own 20.40% of the company’s stock.

About Putnam Mun Oppo

Putnam Municipal Opportunities Trust (NYSE: PMO) is a diversified closed-end management investment company that seeks to provide current income exempt from federal income tax with a secondary objective of capital preservation. Established in 1982 and advised by Putnam Investment Management, the Trust invests primarily in municipal securities issued by U.S. states, municipalities and their instrumentalities. Its strategy combines high-quality bonds with selectively chosen sectors in the municipal market to generate tax-advantaged income for shareholders.

The Trust’s portfolio generally comprises general obligation bonds, revenue bonds and insured municipal securities, as well as unrated issues judged by its adviser to possess equivalent credit quality.