Putnam Municipal Opportunities Trust Plans Monthly Dividend of $0.04 (NYSE:PMO)

Putnam Municipal Opportunities Trust (NYSE:PMO) declared a monthly dividend on Monday, October 28th, Wall Street Journal reports. Shareholders of record on Friday, November 22nd will be paid a dividend of 0.035 per share by the financial services provider on Monday, December 2nd. This represents a $0.42 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Friday, November 22nd.

Putnam Municipal Opportunities Trust has decreased its dividend by an average of 9.4% annually over the last three years.

Putnam Municipal Opportunities Trust Price Performance

Putnam Municipal Opportunities Trust stock traded down $0.02 during trading hours on Tuesday, reaching $10.43. The company had a trading volume of 102,559 shares, compared to its average volume of 92,350. The company has a 50-day moving average price of $10.65 and a 200 day moving average price of $10.32. Putnam Municipal Opportunities Trust has a 12-month low of $8.64 and a 12-month high of $10.96.

About Putnam Municipal Opportunities Trust

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.