Putnam Mun Oppo (NYSE:PMO) Announces $0.05 Monthly Dividend

Putnam Mun Oppo (NYSE:PMO) announced a monthly dividend on Wednesday, August 5th. Stockholders of record on Friday, November 20th will be given a dividend of 0.052 per share by the financial services provider on Monday, November 30th. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Friday, November 20th.

Putnam Mun Oppo Trading Up 0.5%

Shares of PMO traded up $0.05 during trading hours on Thursday, reaching $10.29. 8,399 shares of the company traded hands, compared to its average volume of 65,505. Putnam Mun Oppo has a 12 month low of $9.72 and a 12 month high of $10.87. The company’s fifty day moving average price is $10.55 and its two-hundred day moving average price is $10.51.

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.