Putnam Municipal Opportunities Trust (PMO) to Issue Monthly Dividend of $0.05
Putnam Municipal Opportunities Trust (NYSE:PMO) declared a monthly dividend on Monday, October 23rd, Wall Street Journal reports. Shareholders of record on Friday, November 24th will be paid a dividend of 0.0541 per share by the financial services provider on Friday, December 1st. This represents a $0.65 annualized dividend and a dividend yield of 5.15%. The ex-dividend date of this dividend is Wednesday, November 22nd.
Putnam Municipal Opportunities Trust has increased its dividend payment by an average of 1.5% annually over the last three years.
Shares of Putnam Municipal Opportunities Trust (NYSE:PMO) traded down 0.28% on Monday, hitting $12.61. The company’s stock had a trading volume of 78,151 shares. Putnam Municipal Opportunities Trust has a one year low of $11.57 and a one year high of $13.11. The stock has a 50-day moving average price of $12.69 and a 200 day moving average price of $12.51.
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About Putnam Municipal Opportunities Trust
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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