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, March 29th, Wall Street Journal reports. Investors of record on Friday, April 22nd will be given a dividend of 0.0531 per share by the financial services provider on Monday, May 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date of this dividend is Thursday, April 21st.

NYSE:PMO opened at $11.02 on Tuesday. The company has a fifty day moving average of $11.92. Putnam Municipal Opportunities Trust has a 12-month low of $10.98 and a 12-month high of $15.00.

A number of large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC purchased a new position in Putnam Municipal Opportunities Trust in the fourth quarter valued at $484,000. LPL Financial LLC lifted its holdings in Putnam Municipal Opportunities Trust by 31.5% during the 4th quarter. LPL Financial LLC now owns 28,875 shares of the financial services provider’s stock worth $416,000 after buying an additional 6,909 shares during the last quarter. Invesco Ltd. lifted its holdings in Putnam Municipal Opportunities Trust by 4.9% during the 4th quarter. Invesco Ltd. now owns 262,104 shares of the financial services provider’s stock worth $3,774,000 after buying an additional 12,293 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in Putnam Municipal Opportunities Trust by 1.1% during the 3rd quarter. Morgan Stanley now owns 202,439 shares of the financial services provider’s stock worth $2,773,000 after buying an additional 2,174 shares during the last quarter. Hedge funds and other institutional investors own 18.91% of the company’s stock.

Putnam Municipal Opportunities Trust Company Profile (Get Rating)

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.

See Also

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

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