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

Putnam Mun Oppo (NYSE:PMO) announced a monthly dividend on Wednesday, August 5th. Shareholders 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 yield of 6.1%. The ex-dividend date of this dividend is Wednesday, September 23rd. This is a 57.6% increase from Putnam Mun Oppo’s previous monthly dividend of $0.03.

Putnam Mun Oppo Price Performance

PMO opened at $10.29 on Thursday. The firm has a 50-day simple moving average of $10.55 and a two-hundred day simple moving average of $10.51. Putnam Mun Oppo has a 52 week low of $9.72 and a 52 week 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.