Putnam Municipal Opportunities Trust (NYSE:PMO - Get Free Report) announced a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Shareholders of record on Friday, January 24th will be given 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 yield of 4.17%. The ex-dividend date is Friday, January 24th.
Putnam Municipal Opportunities Trust has decreased its dividend payment by an average of 4.2% per year over the last three years.
Putnam Municipal Opportunities Trust Price Performance
Shares of PMO stock traded down $0.04 on Thursday, reaching $10.07. 87,154 shares of the company were exchanged, compared to its average volume of 80,991. Putnam Municipal Opportunities Trust has a one year low of $9.69 and a one year high of $10.96. The company has a 50-day moving average of $10.39 and a 200-day moving average of $10.47.
About Putnam Municipal Opportunities Trust
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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.
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