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

Putnam Municipal Opportunities Trust (NYSE:PMO) announced a monthly dividend on Thursday, January 9th,Wall Street Journal reports. Investors of record on Friday, January 24th will be paid a dividend of 0.035 per share by the financial services provider on Monday, February 3rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Friday, January 24th.

Putnam Municipal Opportunities Trust has decreased its dividend by an average of 4.2% annually over the last three years.

Putnam Municipal Opportunities Trust Trading Down 0.4 %

PMO traded down $0.04 during mid-day trading on Thursday, hitting $10.07. The stock had a trading volume of 87,154 shares, compared to its average volume of 80,991. The stock’s fifty day simple moving average is $10.39 and its 200-day simple moving average is $10.47. Putnam Municipal Opportunities Trust has a 1-year low of $9.69 and a 1-year 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.