Putnam Municipal Opportunities Trust (NYSE:PMO) declared a monthly dividend on Monday, January 29th, Wall Street Journal reports. Shareholders of record on Friday, February 23rd will be paid a dividend of 0.0461 per share by the financial services provider on Thursday, March 1st. This represents a $0.55 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Thursday, February 22nd.
Putnam Municipal Opportunities Trust has decreased its dividend by an average of 3.1% per year over the last three years.
Shares of Putnam Municipal Opportunities Trust (PMO) traded down $0.03 during midday trading on Monday, reaching $12.08. The company’s stock had a trading volume of 191,749 shares, compared to its average volume of 94,929. Putnam Municipal Opportunities Trust has a fifty-two week low of $11.79 and a fifty-two week high of $12.85.
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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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