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

Putnam Municipal Opportunities Trust (NYSE:PMO) declared a monthly dividend on Wednesday, August 7th, Wall Street Journal reports. Stockholders of record on Tuesday, September 24th will be given a dividend of 0.035 per share by the financial services provider on Tuesday, October 1st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend is Tuesday, September 24th.

Putnam Municipal Opportunities Trust has decreased its dividend by an average of 9.4% annually over the last three years.

Putnam Municipal Opportunities Trust Trading Down 0.7 %

Shares of Putnam Municipal Opportunities Trust stock opened at $10.69 on Monday. The stock has a fifty day simple moving average of $10.50 and a 200 day simple moving average of $10.21. Putnam Municipal Opportunities Trust has a 12-month low of $8.57 and a 12-month high of $10.85.

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.