Putnam Mun Oppo (PMO) to Distribute Monthly Dividend of $0.03 on July 31st

Putnam Mun Oppo (NYSE:PMO) declared a monthly dividend on Thursday, May 14th. Shareholders of record on Friday, July 24th will be given a dividend of 0.033 per share by the financial services provider on Friday, July 31st. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, July 24th.

Putnam Mun Oppo Price Performance

Putnam Mun Oppo stock opened at $10.60 on Wednesday. The stock’s 50 day moving average price is $10.56 and its 200 day moving average price is $10.54. Putnam Mun Oppo has a one year low of $9.71 and a one year high of $10.87.

About Putnam Mun Oppo

Putnam Municipal Opportunities Trust (NYSE: PMO) is a diversified closed-end management investment company that seeks to provide current income exempt from federal income tax with a secondary objective of capital preservation. Established in 1982 and advised by Putnam Investment Management, the Trust invests primarily in municipal securities issued by U.S. states, municipalities and their instrumentalities. Its strategy combines high-quality bonds with selectively chosen sectors in the municipal market to generate tax-advantaged income for shareholders.

The Trust’s portfolio generally comprises general obligation bonds, revenue bonds and insured municipal securities, as well as unrated issues judged by its adviser to possess equivalent credit quality.