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

Putnam Municipal Opportunities Trust (NYSE:PMO) declared a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Stockholders of record on Friday, January 24th will be paid a dividend of 0.035 per share by the financial services provider on Monday, February 3rd. This represents a $0.42 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Friday, January 24th.

Putnam Municipal Opportunities Trust has decreased its dividend by an average of 4.2% per year over the last three years.

Putnam Municipal Opportunities Trust Trading Down 0.4 %

NYSE:PMO traded down $0.04 during trading hours on Thursday, reaching $10.07. 87,154 shares of the company were exchanged, compared to its average volume of 80,991. The business has a 50 day moving average of $10.39 and a 200 day moving average of $10.47. Putnam Municipal Opportunities Trust has a 1-year low of $9.69 and a 1-year high of $10.96.

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.