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

Putnam Mun Oppo (NYSE:PMO) announced a monthly dividend on Monday, February 23rd. Stockholders of record on Tuesday, March 24th will be paid a dividend of 0.0393 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Tuesday, March 24th.

Putnam Mun Oppo Stock Performance

Shares of PMO traded up $0.01 on Monday, reaching $10.70. 51,443 shares of the stock traded hands, compared to its average volume of 76,376. The stock’s 50-day moving average price is $10.60 and its 200-day moving average price is $10.37. Putnam Mun Oppo has a 12 month low of $9.34 and a 12 month 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.