Putnam Municipal Opportunities Trust (NYSE:PMO) Declares Monthly Dividend of $0.05

Putnam Municipal Opportunities Trust (NYSE:PMOGet Rating) declared a monthly dividend on Tuesday, April 26th, Wall Street Journal reports. Investors of record on Tuesday, May 24th will be given a dividend of 0.0531 per share by the financial services provider on Wednesday, June 1st. This represents a $0.64 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend is Monday, May 23rd.

Putnam Municipal Opportunities Trust stock traded down $0.13 during mid-day trading on Tuesday, hitting $10.69. 152,241 shares of the company were exchanged, compared to its average volume of 101,489. Putnam Municipal Opportunities Trust has a 12-month low of $10.65 and a 12-month high of $15.00. The firm has a 50 day moving average price of $11.76.

Several large investors have recently bought and sold shares of the company. LPL Financial LLC grew its holdings in Putnam Municipal Opportunities Trust by 9.8% in the 3rd quarter. LPL Financial LLC now owns 21,966 shares of the financial services provider’s stock worth $301,000 after buying an additional 1,960 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Putnam Municipal Opportunities Trust in the fourth quarter valued at $484,000. Morgan Stanley lifted its holdings in shares of Putnam Municipal Opportunities Trust by 2.5% in the second quarter. Morgan Stanley now owns 200,265 shares of the financial services provider’s stock valued at $2,832,000 after purchasing an additional 4,847 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Putnam Municipal Opportunities Trust by 4.9% in the fourth quarter. Invesco Ltd. now owns 262,104 shares of the financial services provider’s stock worth $3,774,000 after acquiring an additional 12,293 shares during the last quarter. 18.91% of the stock is owned by institutional investors.

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.

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

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