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

Putnam Municipal Opportunities Trust (NYSE:PMO) announced a monthly dividend on Tuesday, October 1st, Wall Street Journal reports. Shareholders of record on Thursday, October 24th will be given a dividend of 0.035 per share by the financial services provider on Friday, November 1st. This represents a $0.42 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Thursday, October 24th.

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 Up 0.3 %

PMO stock traded up $0.03 during mid-day trading on Tuesday, reaching $10.93. 71,429 shares of the company traded hands, compared to its average volume of 91,267. The company has a fifty day moving average price of $10.56 and a 200-day moving average price of $10.24. Putnam Municipal Opportunities Trust has a 52-week low of $8.57 and a 52-week high of $10.96.

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.