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

Putnam Municipal Opportunities Trust (NYSE:PMO) announced a monthly dividend on Tuesday, December 10th,Wall Street Journal reports. Investors of record on Monday, December 23rd will be given a dividend of 0.035 per share by the financial services provider on Thursday, January 2nd. This represents a $0.42 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Monday, December 23rd.

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

Putnam Municipal Opportunities Trust Stock Performance

Shares of NYSE PMO traded up $0.04 during trading hours on Tuesday, reaching $10.62. The stock had a trading volume of 152,617 shares, compared to its average volume of 93,531. Putnam Municipal Opportunities Trust has a twelve month low of $9.69 and a twelve month high of $10.96. The business’s fifty day moving average is $10.58 and its two-hundred day moving average is $10.45.

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.