Putnam Municipal Opportunities Trust (NYSE:PMO) to Issue $0.05 Monthly Dividend
Putnam Municipal Opportunities Trust (NYSE:PMO) declared a monthly dividend on Thursday, August 10th, Wall Street Journal reports. Investors of record on Friday, September 22nd will be paid a dividend of 0.0541 per share by the financial services provider on Monday, October 2nd. This represents a $0.65 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend is Thursday, September 21st.
Putnam Municipal Opportunities Trust has raised its dividend payment by an average of 1.5% per year over the last three years.
Shares of Putnam Municipal Opportunities Trust (NYSE PMO) traded down 0.80% on Thursday, reaching $12.44. 71,513 shares of the company traded hands. Putnam Municipal Opportunities Trust has a one year low of $11.57 and a one year high of $13.69. The firm has a 50-day moving average price of $12.59 and a 200 day moving average price of $12.33.
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Putnam Municipal Opportunities Trust Company Profile
Putnam Municipal Opportunities Trust (The Fund) is a diversified, closed-end fund. The Fund offers a dividend reinvestment plan. The fund seeks to provide as high a level of current income free from federal income tax. The Fund intends to achieve its objective by investing in a portfolio of investment-grade and some below investment-grade municipal bonds selected by Putnam Investment Management, LLC (Putnam Management).
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