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

Putnam Municipal Opportunities Trust (NYSE:PMO) declared a monthly dividend on Tuesday, April 8th, Wall Street Journal reports. Stockholders of record on Thursday, April 17th will be paid a dividend of 0.035 per share by the financial services provider on Wednesday, April 30th. This represents a $0.42 annualized dividend and a dividend yield of 4.40%. The ex-dividend date is Thursday, April 17th.

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

Putnam Municipal Opportunities Trust Stock Performance

NYSE:PMO traded down $0.23 during trading hours on Tuesday, hitting $9.56. The company had a trading volume of 179,169 shares, compared to its average volume of 93,422. The stock has a 50-day moving average price of $10.45 and a 200 day moving average price of $10.46. Putnam Municipal Opportunities Trust has a 52 week low of $9.54 and a 52 week 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.