Putnam Mun Oppo (PMO) To Go Ex-Dividend on January 23rd

Putnam Mun Oppo (NYSE:PMO) announced a monthly dividend on Thursday, November 20th. Stockholders of record on Friday, January 23rd will be given a dividend of 0.0393 per share by the financial services provider on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, January 23rd.

Putnam Mun Oppo Trading Down 0.6%

Shares of Putnam Mun Oppo stock opened at $10.53 on Wednesday. Putnam Mun Oppo has a 52-week low of $9.34 and a 52-week high of $10.80. The stock has a 50-day simple moving average of $10.49 and a 200-day simple moving average of $10.23.

Institutional Trading of Putnam Mun Oppo

A number of institutional investors have recently added to or reduced their stakes in PMO. CX Institutional acquired a new position in shares of Putnam Mun Oppo during the 2nd quarter worth $29,000. ST Germain D J Co. Inc. acquired a new stake in shares of Putnam Mun Oppo in the 2nd quarter valued at $30,000. Duncker Streett & Co. Inc. bought a new stake in Putnam Mun Oppo in the second quarter worth $48,000. Nomura Holdings Inc. acquired a new position in Putnam Mun Oppo during the second quarter worth $99,000. Finally, Meridian Wealth Management LLC bought a new position in Putnam Mun Oppo during the second quarter valued at about $100,000. 20.40% of the stock is currently owned by institutional investors and hedge funds.

About Putnam Mun Oppo

Putnam Municipal Opportunities Trust (NYSE: PMO) is a diversified closed-end management investment company that seeks to provide current income exempt from federal income tax with a secondary objective of capital preservation. Established in 1982 and advised by Putnam Investment Management, the Trust invests primarily in municipal securities issued by U.S. states, municipalities and their instrumentalities. Its strategy combines high-quality bonds with selectively chosen sectors in the municipal market to generate tax-advantaged income for shareholders.

The Trust’s portfolio generally comprises general obligation bonds, revenue bonds and insured municipal securities, as well as unrated issues judged by its adviser to possess equivalent credit quality.