Putnam Municipal Opportunities Trust (NYSE:PMO) declared a monthly dividend on Friday, April 21st. Shareholders of record on Wednesday, May 24th will be paid a dividend of 0.0541 per share by the financial services provider on Thursday, June 1st. This represents a $0.65 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date is Monday, May 22nd.
Putnam Municipal Opportunities Trust has increased its dividend by an average of 1.5% annually over the last three years.
Shares of Putnam Municipal Opportunities Trust (NYSE:PMO) traded up 0.16% on Friday, reaching $12.25. 86,683 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $12.06 and its 200 day moving average price is $12.21. The company has a market cap of $466.90 million, a price-to-earnings ratio of 13.21 and a beta of -0.10. Putnam Municipal Opportunities Trust has a 12 month low of $11.57 and a 12 month high of $13.69.
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Putnam Municipal Opportunities Trust Company Profile
Putnam Municipal Opportunities Trust (The Fund) is a diversified, closed-end fund. The Fund offers a dividend reinvestment plan. The fund seeks to provide as high a level of current income free from federal income tax. The Fund intends to achieve its objective by investing in a portfolio of investment-grade and some below investment-grade municipal bonds selected by Putnam Investment Management, LLC (Putnam Management).
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