Putnam Municipal Opportunities Trust (NYSE:PMO - Get Free Report) announced a monthly dividend on Monday, June 9th, Wall Street Journal reports. Shareholders of record on Monday, June 16th will be paid a dividend of 0.0393 per share by the financial services provider on Monday, June 30th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Monday, June 16th.
Putnam Municipal Opportunities Trust Price Performance
Shares of Putnam Municipal Opportunities Trust stock traded up $0.03 during trading on Thursday, hitting $9.84. 35,377 shares of the stock were exchanged, compared to its average volume of 94,862. The firm's 50-day moving average price is $9.82 and its 200 day moving average price is $10.20. Putnam Municipal Opportunities Trust has a 12-month low of $9.34 and a 12-month high of $10.96.
Hedge Funds Weigh In On Putnam Municipal Opportunities Trust
An institutional investor recently raised its position in Putnam Municipal Opportunities Trust stock. Royal Bank of Canada lifted its stake in Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) by 16.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 approximately 0.07% of Putnam Municipal Opportunities Trust worth $226,000 at the end of the most recent quarter. Institutional investors own 20.40% of the company's stock.
Putnam Municipal Opportunities Trust 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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