Putnam Municipal Opportunities Trust (NYSE:PMO) announced a monthly dividend on Tuesday, June 30th, Wall Street Journal reports. Shareholders of record on Friday, July 24th will be given a dividend of 0.0531 per share by the financial services provider on Monday, August 3rd. This represents a $0.64 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date of this dividend is Thursday, July 23rd.
Putnam Municipal Opportunities Trust has decreased its dividend payment by an average of 29.7% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.
Shares of PMO traded down $0.09 during mid-day trading on Tuesday, hitting $12.78. 72,309 shares of the company’s stock were exchanged, compared to its average volume of 114,931. The firm has a fifty day moving average of $12.61 and a two-hundred day moving average of $12.69. Putnam Municipal Opportunities Trust has a twelve month low of $9.97 and a twelve month high of $13.65.
Putnam Municipal Opportunities Trust Company Profile
Putnam Municipal Opportunities Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in fixed income markets of United States. The fund invests in companies operating across healthcare, utilities, transportation, water and sewer, and housing sectors.
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