Putnam Municipal Opportunities Trust (NYSE:PMO) announced a monthly dividend on Monday, April 15th, Wall Street Journal reports. Shareholders of record on Friday, May 24th will be given a dividend of 0.0531 per share by the financial services provider on Monday, June 3rd. This represents a $0.64 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date is Thursday, May 23rd.
Putnam Municipal Opportunities Trust has decreased its dividend by an average of 8.3% annually over the last three years.
Shares of NYSE:PMO traded down $0.01 during midday trading on Monday, hitting $12.38. 45,406 shares of the stock were exchanged, compared to its average volume of 90,771. Putnam Municipal Opportunities Trust has a twelve month low of $10.85 and a twelve month high of $12.42.
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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