Putnam Mun Oppo (NYSE:PMO – Get Free Report) declared a monthly dividend on Thursday, May 14th. Shareholders of record on Tuesday, June 23rd will be given a dividend of 0.033 per share by the financial services provider on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Tuesday, June 23rd.
Putnam Mun Oppo Stock Up 0.9%
NYSE:PMO traded up $0.09 during trading hours on Thursday, hitting $10.48. 114,149 shares of the stock were exchanged, compared to its average volume of 68,662. The company’s 50 day moving average is $10.41 and its two-hundred day moving average is $10.49. Putnam Mun Oppo has a twelve month low of $9.70 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.
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