Putnam Mun Oppo (PMO) to Distribute Monthly Dividend of $0.05 on September 30th

Putnam Mun Oppo (NYSE:PMO) announced a monthly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, September 23rd will be paid a dividend of 0.052 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Wednesday, September 23rd. This is a 57.6% increase from Putnam Mun Oppo’s previous monthly dividend of $0.03.

Putnam Mun Oppo Stock Up 0.5%

PMO opened at $10.29 on Friday. The firm’s 50-day simple moving average is $10.54 and its 200-day simple moving average is $10.51. Putnam Mun Oppo has a twelve month low of $9.72 and a twelve month high of $10.87.

About Putnam Mun Oppo

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.