Putnam Municipal Opportunities Trust Announces Monthly Dividend of $0.04 (NYSE:PMO)

Putnam Municipal Opportunities Trust (NYSE:PMO) declared a monthly dividend on Monday, June 9th, Wall Street Journal reports. Investors of record on Monday, June 16th will be given a dividend of 0.0393 per share by the financial services provider on Monday, June 30th. This represents a $0.47 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date is Monday, June 16th.

Putnam Municipal Opportunities Trust Stock Up 0.3%

NYSE:PMO traded up $0.03 on Monday, hitting $9.77. The stock had a trading volume of 120,826 shares, compared to its average volume of 95,163. Putnam Municipal Opportunities Trust has a 52 week low of $9.34 and a 52 week high of $10.96. The business’s fifty day moving average is $9.84 and its 200 day moving average is $10.21.

Hedge Funds Weigh In On Putnam Municipal Opportunities Trust

An institutional investor recently raised its position in Putnam Municipal Opportunities Trust stock. Royal Bank of Canada raised its holdings in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 16.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,246 shares of the financial services provider’s stock after purchasing an additional 3,162 shares during the quarter. Royal Bank of Canada owned 0.07% of Putnam Municipal Opportunities Trust worth $226,000 as of its most recent SEC filing. 20.40% of the stock is currently owned by hedge funds and other institutional investors.

About Putnam Municipal Opportunities Trust

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.