Putnam Municipal Opportunities Trust (PMO) to Issue Monthly Dividend of $0.04 on December 1st

Putnam Municipal Opportunities Trust (NYSE:PMO) declared a monthly dividend on Friday, October 27th, Wall Street Journal reports. Investors of record on Friday, November 24th will be paid a dividend of 0.035 per share by the financial services provider on Friday, December 1st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Wednesday, November 22nd.

Putnam Municipal Opportunities Trust Stock Performance

Shares of NYSE PMO opened at $10.04 on Monday. The stock’s fifty day simple moving average is $9.19 and its 200 day simple moving average is $9.76. Putnam Municipal Opportunities Trust has a 52-week low of $8.57 and a 52-week high of $12.25.

Hedge Funds Weigh In On Putnam Municipal Opportunities Trust

A number of hedge funds have recently modified their holdings of PMO. Creative Planning boosted its position in shares of Putnam Municipal Opportunities Trust by 6.0% in the second quarter. Creative Planning now owns 16,338 shares of the financial services provider’s stock worth $193,000 after buying an additional 920 shares during the period. Royal Bank of Canada boosted its position in shares of Putnam Municipal Opportunities Trust by 5.8% in the third quarter. Royal Bank of Canada now owns 33,659 shares of the financial services provider’s stock worth $329,000 after buying an additional 1,838 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Putnam Municipal Opportunities Trust by 2.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 123,430 shares of the financial services provider’s stock worth $1,438,000 after buying an additional 3,380 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Putnam Municipal Opportunities Trust by 8.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 47,582 shares of the financial services provider’s stock worth $493,000 after buying an additional 3,884 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Putnam Municipal Opportunities Trust by 3.6% in the third quarter. Invesco Ltd. now owns 120,203 shares of the financial services provider’s stock worth $1,106,000 after buying an additional 4,167 shares during the period. 14.29% of the stock is currently owned by institutional investors and hedge funds.

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.