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

Putnam Municipal Opportunities Trust (NYSE:PMO - Get Free Report) declared a monthly dividend on Tuesday, April 8th, Wall Street Journal reports. Shareholders of record on Thursday, April 17th will be paid a dividend of 0.035 per share by the financial services provider on Wednesday, April 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend is Thursday, April 17th.

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

Putnam Municipal Opportunities Trust Price Performance

Shares of NYSE:PMO traded up $0.08 during trading on Friday, reaching $9.54. 108,173 shares of the company's stock traded hands, compared to its average volume of 94,318. Putnam Municipal Opportunities Trust has a fifty-two week low of $9.34 and a fifty-two week high of $10.96. The company has a 50-day simple moving average of $10.35 and a 200-day simple moving average of $10.42.

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.