Putnam Municipal Opportunities Trust (NYSE:PMO) to Issue $0.05 Monthly Dividend

Putnam Municipal Opportunities Trust (NYSE:PMOGet Rating) declared a monthly dividend on Tuesday, November 22nd, Wall Street Journal reports. Shareholders of record on Tuesday, January 24th will be paid a dividend of 0.0531 per share by the financial services provider on Wednesday, February 1st. This represents a $0.64 annualized dividend and a yield of 5.67%. The ex-dividend date is Monday, January 23rd.

Putnam Municipal Opportunities Trust has raised its dividend by an average of 5.1% annually over the last three years.

Putnam Municipal Opportunities Trust Price Performance

Shares of NYSE:PMO opened at $11.24 on Wednesday. The firm has a fifty day moving average price of $10.39 and a two-hundred day moving average price of $11.20. Putnam Municipal Opportunities Trust has a one year low of $9.75 and a one year high of $15.00.

Institutional Trading of Putnam Municipal Opportunities Trust

Hedge funds have recently made changes to their positions in the stock. Worth Asset Management LLC bought a new stake in shares of Putnam Municipal Opportunities Trust during the 1st quarter worth $169,000. Creative Planning lifted its holdings in shares of Putnam Municipal Opportunities Trust by 6.0% during the 2nd quarter. Creative Planning now owns 16,338 shares of the financial services provider’s stock worth $193,000 after acquiring an additional 920 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Putnam Municipal Opportunities Trust during the 1st quarter worth $263,000. Rivernorth Capital Management LLC bought a new stake in shares of Putnam Municipal Opportunities Trust during the 1st quarter worth $278,000. Finally, Royal Bank of Canada lifted its holdings in shares of Putnam Municipal Opportunities Trust by 5.8% during the 3rd quarter. Royal Bank of Canada now owns 33,659 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 1,838 shares during the last quarter. 11.79% of the stock is owned by institutional investors.

About Putnam Municipal Opportunities Trust

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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.

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Dividend History for Putnam Municipal Opportunities Trust (NYSE:PMO)

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