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.

ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/23/putnam-municipal-opportunities-trust-pmo-to-issue-monthly-dividend-of-0-05.html.

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).

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

Receive News & Ratings for Putnam Municipal Opportunities Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Putnam Municipal Opportunities Trust and related companies with MarketBeat.com's FREE daily email newsletter.