Putnam Mun Oppo (NYSE:PMO – Get Free Report) declared a monthly dividend on Wednesday, August 5th. Investors of record on Friday, October 23rd will be given a dividend of 0.052 per share by the financial services provider on Friday, October 30th. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date is Friday, October 23rd.
Putnam Mun Oppo Trading Up 0.5%
Shares of PMO stock opened at $10.29 on Thursday. The stock has a 50-day moving average price of $10.55 and a 200 day moving average price of $10.51. Putnam Mun Oppo has a 12 month low of $9.72 and a 12 month high of $10.87.
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.
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