Putnam Mun Oppo (NYSE:PMO) Declares $0.04 Monthly Dividend

Putnam Mun Oppo (NYSE:PMO - Get Free Report) announced a monthly dividend on Wednesday, July 9th, Wall Street Journal reports. Investors 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 yield of 4.78%. The ex-dividend date of this dividend is Friday, July 18th.

Putnam Mun Oppo Stock Performance

NYSE:PMO traded down $0.03 during trading hours on Friday, hitting $9.88. The company's stock had a trading volume of 33,588 shares, compared to its average volume of 93,359. The stock has a fifty day simple moving average of $9.88 and a 200-day simple moving average of $10.10. Putnam Mun Oppo has a twelve month low of $9.34 and a twelve month high of $10.96.

Hedge Funds Weigh In On Putnam Mun Oppo

A hedge fund recently raised its stake in Putnam Mun Oppo stock. Royal Bank of Canada raised its position in Putnam Mun Oppo (NYSE:PMO - Free Report) by 16.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 Mun Oppo worth $226,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 20.40% of the company's stock.

About Putnam Mun Oppo

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.