Reminder - Putnam Municipal Opportunities Trust (PMO) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 9/22/14, Putnam Municipal Opportunities Trust (PMO) will trade ex-dividend, for its monthly dividend of $0.0595, payable on 10/1/14. As a percentage of PMO's recent stock price of $11.64, this dividend works out to approximately 0.51%, so look for shares of Putnam Municipal Opportunities Trust to trade 0.51% lower — all else being equal — when PMO shares open for trading on 9/22/14.

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Below is a dividend history chart for PMO, showing historical dividends prior to the most recent $0.0595 declared by Putnam Municipal Opportunities Trust:

PMO+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PMO is likely to continue, and whether the current estimated yield of 6.13% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of PMO shares, versus its 200 day moving average:

Putnam Municipal Opportunities Trust 200 Day Moving Average Chart

Looking at the chart above, PMO's low point in its 52 week range is $10.46 per share, with $11.84 as the 52 week high point — that compares with a last trade of $11.64.

According to the ETF Finder at ETF Channel, PMO makes up 1.48% of the CEF Municipal Income ETF ( XMPT) which is trading lower by about 0.2% on the day Thursday.

In Thursday trading, Putnam Municipal Opportunities Trust shares are currently up about 0.2% on the day.

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