Putnam Municipal Opportunities Trust (PMO) Declares $0.05 Monthly Dividend

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.

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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.

See Also: Quiet Period

Dividend History for Putnam Municipal Opportunities Trust (NYSE:PMO)

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