Putnam Mun Oppo Plans Monthly Dividend of $0.03 (NYSE:PMO)

Putnam Mun Oppo (NYSE:PMO) announced a monthly dividend on Thursday, May 14th. Stockholders of record on Friday, July 24th will be given a dividend of 0.033 per share by the financial services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, July 24th.

Putnam Mun Oppo Stock Up 0.9%

Shares of PMO stock traded up $0.09 during trading hours on Thursday, reaching $10.48. 114,149 shares of the stock traded hands, compared to its average volume of 68,662. Putnam Mun Oppo has a 1-year low of $9.70 and a 1-year high of $10.87. The business has a fifty day moving average price of $10.41 and a 200 day moving average price of $10.49.

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.