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

Putnam Municipal Opportunities Trust (NYSE:PMOGet Free Report) announced a monthly dividend on Monday, March 25th, Wall Street Journal reports. Investors of record on Wednesday, April 24th will be given a dividend of 0.035 per share by the financial services provider on Wednesday, May 1st. This represents a $0.42 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Tuesday, April 23rd.

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

Putnam Municipal Opportunities Trust Stock Performance

PMO stock opened at $10.24 on Wednesday. The firm has a 50 day moving average of $10.29 and a 200 day moving average of $9.88. Putnam Municipal Opportunities Trust has a 52 week low of $8.57 and a 52 week high of $10.68.

Institutional Trading of Putnam Municipal Opportunities Trust

A number of institutional investors have recently bought and sold shares of PMO. Comerica Bank acquired a new stake in Putnam Municipal Opportunities Trust during the 3rd quarter valued at approximately $41,000. Creative Planning purchased a new stake in Putnam Municipal Opportunities Trust in the 3rd quarter worth $131,000. Nomura Holdings Inc. acquired a new position in shares of Putnam Municipal Opportunities Trust during the 4th quarter valued at about $136,000. Citadel Advisors LLC acquired a new position in shares of Putnam Municipal Opportunities Trust during the 4th quarter valued at about $143,000. Finally, Worth Asset Management LLC acquired a new position in shares of Putnam Municipal Opportunities Trust during the 1st quarter valued at about $169,000. 20.40% of the stock is currently owned by institutional investors and hedge funds.

Putnam Municipal Opportunities Trust Company Profile

(Get Free Report)

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.

Further Reading

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

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