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

Putnam Mun Oppo (NYSE:PMO) announced a monthly dividend on Wednesday, August 5th. Stockholders of record on Friday, October 23rd will be paid a dividend of 0.052 per share by the financial services provider on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Friday, October 23rd.

Putnam Mun Oppo Trading Up 0.5%

Shares of Putnam Mun Oppo stock opened at $10.29 on Friday. The stock has a 50 day moving average of $10.54 and a 200 day moving average of $10.51. Putnam Mun Oppo has a fifty-two week low of $9.72 and a fifty-two week high of $10.87.

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.