Putnam Mun Oppo (NYSE:PMO) to Issue $0.04 Monthly Dividend

Putnam Mun Oppo (NYSE:PMO) declared a monthly dividend on Monday, February 23rd. Shareholders of record on Thursday, May 21st will be paid a dividend of 0.0393 per share by the financial services provider on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, May 21st.

Putnam Mun Oppo Price Performance

PMO traded up $0.01 during trading hours on Monday, reaching $10.70. 51,443 shares of the company’s stock traded hands, compared to its average volume of 64,084. The firm has a 50-day moving average price of $10.60 and a 200 day moving average price of $10.37. Putnam Mun Oppo has a 52-week low of $9.34 and a 52-week high of $10.79.

Putnam Mun Oppo Company Profile

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.