Putnam Mun Oppo (NYSE:PMO - Get Free Report) declared a monthly dividend on Wednesday, July 9th, Wall Street Journal reports. Stockholders of record on Friday, July 18th will be given a dividend of 0.0393 per share by the financial services provider on Thursday, July 31st. This represents a $0.47 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend is Friday, July 18th.
Putnam Mun Oppo Stock Up 0.2%
Shares of PMO traded up $0.02 during midday trading on Wednesday, reaching $9.88. The stock had a trading volume of 58,632 shares, compared to its average volume of 93,616. Putnam Mun Oppo has a 52 week low of $9.34 and a 52 week high of $10.96. The firm's 50 day moving average price is $9.88 and its 200-day moving average price is $10.11.
Institutional Investors Weigh In On Putnam Mun Oppo
An institutional investor recently raised its position in Putnam Mun Oppo stock. Royal Bank of Canada raised its stake in shares of Putnam Mun Oppo (NYSE:PMO - Free Report) by 16.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,246 shares of the financial services provider's stock after buying an additional 3,162 shares during the period. Royal Bank of Canada owned about 0.07% of Putnam Mun Oppo worth $226,000 as of its most recent SEC filing. 20.40% of the stock is currently owned by institutional investors and hedge funds.
Putnam Mun Oppo Company Profile
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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.
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