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Putnam Municipal Opportunities Trust (PMO)

Financial Services | Asset Management | Boston, United States | NYSE
10.68 USD +0.05 (0.470%) ⇧ (July 13, 2026, 4 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★☆☆☆☆Dividends:★★★☆☆
Hot Take ↕ | July 11, 2026, 3:54 a.m. EDT

The investment case here is defined by a stark divergence between a generous current yield and a deteriorating business trajectory. While the 4.77% dividend yield offers immediate income, the underlying asset quality is flagged by four consecutive years of negative annual returns, culminating in a 27.5% cumulative decline over the last nine years. This multi-year structural decline suggests the market has permanently repriced the trust's ability to generate value, likely due to challenges in the municipal bond sector it targets. The recent price action shows the stock hovering near resistance, failing to build the momentum needed to reverse the long-term downtrend. Although the payout ratio remains sustainable at roughly 55%, providing some cushion against cuts, the capital preservation risk is significant given the persistent underperformance. For investors seeking capital appreciation, the trend is clearly bearish; for income seekers, the yield is attractive but carries the weight of a shrinking principal base.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.012601
AutoTheta0.013983
AutoETS0.014020
AutoARIMA0.014020

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 63%
H-stat 15.43
Ljung-Box p 0.000
Jarque-Bera p 0.314
Excess Kurtosis -0.74
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-07-23
Last Dividend Date 2026-06-22
Debt to Equity Ratio 4.278
Revenue per Share 0.788
Market Cap 299,662,272
Trailing P/E 12.56
Beta 0.72
Profit Margins 72.92%
Website https://www.putnam.com/individual/mutual-funds/closed-end-funds/funds/64-municipal-opportunities-trust

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.49% 4.66% 4.35% 4.66%
Dividend History
Date Dividend Yield %
2026-06-23 0.052 0.487348
2026-05-21 0.039 0.379377
2026-04-23 0.039 0.375000
2026-03-24 0.039 0.383481
2026-02-20 0.039 0.364827
2026-01-23 0.039 0.372849
2025-12-15 0.039 0.371783
2025-11-17 0.039 0.376085
2025-10-17 0.039 0.377176
2025-09-18 0.039 0.375361
2025-08-18 0.039 0.396341
2025-07-18 0.039 0.399590
2025-06-16 0.039 0.398366
2025-05-19 0.039 0.389222
2025-04-17 0.035 0.360825
2025-03-17 0.035 0.340798
2025-02-24 0.035 0.327715
2025-01-24 0.035 0.339806
2024-12-23 0.035 0.345850
2024-11-22 0.035 0.337838
2024-10-24 0.035 0.336215
2024-09-24 0.035 0.324675
2024-08-23 0.035 0.331754
2024-07-24 0.035 0.337512
2024-06-24 0.035 0.345168
2024-05-23 0.035 0.351053
2024-04-23 0.035 0.356415
2024-03-21 0.035 0.341797
2024-02-22 0.035 0.336538
2024-01-23 0.035 0.344488
2023-12-21 0.035 0.340798
2023-11-22 0.035 0.337838
2023-10-23 0.035 0.406977
2023-09-21 0.035 0.365726
2023-08-23 0.035 0.356415
2023-07-21 0.035 0.338164
2023-06-22 0.035 0.338164
2023-05-23 0.035 0.354970
2023-04-21 0.035 0.340136
2023-03-23 0.053 0.470275
2023-02-22 0.053 0.471111
2023-01-23 0.053 0.443886
2022-12-22 0.053 0.471530
2022-11-22 0.053 0.471530
2022-10-21 0.053 0.523715
2022-09-22 0.053 0.505243
2022-08-23 0.053 0.422311
2022-07-21 0.053 0.434070
2022-06-23 0.053 0.464505
2022-05-23 0.053 0.498120
2022-04-21 0.053 0.492108
2022-03-23 0.053 0.447257
2022-02-22 0.053 0.432300
2022-01-21 0.053 0.413417
2021-12-22 0.053 0.357384
2021-11-22 0.053 0.375620
2021-10-21 0.053 0.387994
2021-09-23 0.053 0.371930
2021-08-23 0.053 0.362269
2021-07-22 0.053 0.379384
2021-06-23 0.053 0.377224
2021-05-21 0.053 0.378842
2021-04-22 0.053 0.382120
2021-03-23 0.053 0.398496
2021-02-22 0.053 0.398197
2021-01-21 0.053 0.386016
2020-12-22 0.186 1.374723
2020-11-23 0.053 0.398197
2020-10-22 0.053 0.409583
2020-09-23 0.053 0.403963
2020-08-21 0.053 0.395818
2020-07-23 0.053 0.394933
2020-06-23 0.053 0.412451
2020-05-21 0.053 0.431245
2020-04-23 0.053 0.443144
2020-03-23 0.053 0.529471
2020-02-21 0.053 0.392302
2020-01-23 0.053 0.395522
2019-12-20 0.053 0.402124
2019-11-21 0.053 0.406130
2019-10-23 0.053 0.404580
2019-09-23 0.053 0.405509
2019-08-22 0.053 0.398197
2019-07-23 0.053 0.408321
2019-06-21 0.053 0.419304
2019-05-23 0.053 0.431245
2019-04-23 0.053 0.435855
2019-03-21 0.053 0.435497
2019-02-21 0.053 0.440565
2019-01-23 0.053 0.453767
2018-12-20 0.127 1.115013
2018-11-26 0.042 0.377020
2018-11-21 0.042 0.376007
2018-10-23 0.042 0.378038
2018-09-21 0.042 0.369069
2018-08-23 0.042 0.358974
2018-07-23 0.042 0.359589
2018-06-21 0.046 0.390824
2018-05-23 0.046 0.398614
2018-04-23 0.046 0.398268
2018-03-22 0.046 0.397237
2018-02-22 0.046 0.391156
2018-01-23 0.054 0.437247
2017-12-21 0.054 0.434783
2017-11-22 0.054 0.426877
2017-10-23 0.054 0.428232
2017-09-21 0.054 0.427553
2017-08-22 0.054 0.429594
2017-07-20 0.054 0.430622
2017-06-21 0.054 0.427892
2017-05-22 0.054 0.435484
2017-04-20 0.054 0.441537
2017-03-22 0.054 0.454928
2017-02-21 0.054 0.441537
2017-01-20 0.054 0.446281
2016-12-21 0.054 0.454928
2016-11-21 0.054 0.461538
2016-10-20 0.060 0.462963
2016-09-21 0.060 0.454890
2016-08-22 0.060 0.440205
2016-07-20 0.060 0.446761
2016-06-22 0.060 0.449775
2016-05-20 0.060 0.466926
2016-04-20 0.060 0.458015
2016-03-22 0.060 0.476190
2016-02-22 0.060 0.483481
2016-01-20 0.060 0.491400
2015-12-22 0.060 0.496689
2015-11-20 0.060 0.500835
2015-10-21 0.060 0.496689
2015-09-22 0.060 0.504202
2015-08-20 0.060 0.505476
2015-07-22 0.060 0.508906
2015-06-22 0.060 0.506329
2015-05-20 0.060 0.505902
2015-04-22 0.060 0.493016
2015-03-20 0.060 0.490597
2015-02-20 0.060 0.493421
2015-01-21 0.059 0.477733
2014-12-19 0.060 0.501672
2014-11-20 0.060 0.508044
2014-10-22 0.060 0.509338
2014-09-22 0.060 0.517688
2014-08-20 0.060 0.510204
2014-07-22 0.060 0.515021
2014-06-20 0.060 0.515464
2014-05-21 0.060 0.510638
2014-04-22 0.060 0.520382
2014-03-20 0.060 0.534759
2014-02-20 0.060 0.528169
2014-01-22 0.060 0.536673
2013-12-19 0.060 0.555556
2013-11-20 0.059 0.549860
2013-10-22 0.059 0.537830
2013-09-20 0.056 0.515654
2013-08-21 0.056 0.526811
2013-07-22 0.056 0.515654
2013-06-20 0.056 0.492958
2013-05-22 0.056 0.447284
2013-04-22 0.056 0.445151
2013-03-20 0.056 0.446215
2013-02-20 0.056 0.433772
2013-01-22 0.056 0.416357
2012-12-20 0.056 0.422005
2012-11-20 0.056 0.408163
2012-10-22 0.056 0.421687
2012-09-20 0.056 0.424886
2012-08-22 0.066 0.508867
2012-07-20 0.066 0.501139
2012-06-20 0.066 0.513619
2012-05-22 0.066 0.513219
2012-04-20 0.066 0.520095
2012-03-21 0.066 0.535714
2012-02-21 0.066 0.524642
2012-01-20 0.066 0.533981
2011-12-21 0.066 0.550459
2011-11-21 0.066 0.559322
2011-10-20 0.066 0.558848
2011-09-21 0.066 0.578947
2011-08-22 0.066 0.578440
2011-07-20 0.066 0.582011
2011-06-22 0.066 0.579965
2011-05-20 0.066 0.606061
2011-04-20 0.066 0.614525
2011-03-22 0.066 0.616822
2011-02-17 0.066 0.616246
2011-01-20 0.066 0.640155
2010-12-21 0.066 0.624409
2010-11-19 0.066 0.589812
2010-10-20 0.066 0.538776
2010-09-22 0.066 0.542317
2010-09-20 0.066 0.541872
2010-08-20 0.066 0.548628
2010-07-21 0.066 0.566038
2010-06-22 0.066 0.581498
2010-05-20 0.066 0.576419
2010-04-21 0.066 0.577428
2010-03-22 0.066 0.581498
2010-02-18 0.066 0.587712
2010-01-20 0.066 0.584588
2009-12-22 0.066 0.599455
2009-11-19 0.066 0.606061
2009-10-21 0.066 0.595131
2009-09-22 0.063 0.554577
2009-08-20 0.063 0.602294
2009-07-22 0.063 0.622530
2009-06-22 0.063 0.628742
2009-05-20 0.063 0.615234
2009-04-22 0.063 0.645492
2009-03-20 0.057 0.633333
2009-02-20 0.057 0.629834
2009-01-21 0.057 0.614224
2008-12-19 0.057 0.672963
2008-11-20 0.057 0.621592
2008-10-22 0.061 0.659459
2008-09-22 0.061 0.566388
2008-08-20 0.061 0.561694
2008-07-22 0.061 0.562731
2008-06-20 0.048 0.454976
2008-05-21 0.048 0.429338
2008-04-22 0.048 0.434389
2008-03-19 0.048 0.447761
2008-02-15 0.048 0.428571
2008-01-22 0.048 0.417391
2007-12-19 0.048 0.433996
2007-11-20 0.048 0.432043
2007-10-22 0.048 0.421053
2007-09-20 0.048 0.417391
2007-08-22 0.048 0.423654
2007-07-20 0.048 0.408511
2007-06-20 0.048 0.405748
2007-05-22 0.048 0.397022
2007-04-20 0.048 0.391517
2007-03-21 0.048 0.392478
2007-02-16 0.048 0.388979
2007-01-22 0.048 0.398671
2006-12-20 0.048 0.404040
2006-11-21 0.048 0.409207
2006-10-20 0.048 0.413437
2006-09-20 0.048 0.412371
2006-08-21 0.048 0.421053
2006-07-20 0.048 0.433604
2006-06-21 0.048 0.432043
2006-05-22 0.048 0.427807
2006-04-20 0.056 0.482759
2006-03-22 0.056 0.476596
2006-02-16 0.056 0.479042
2006-01-20 0.056 0.476596
2005-12-20 0.059 0.529623
2005-11-21 0.056 0.500894
2005-10-20 0.056 0.489083
2005-09-21 0.056 0.467056
2005-08-22 0.056 0.474576
2005-07-20 0.056 0.467056
2005-05-20 0.064 0.536913
2005-04-20 0.064 0.553155
2005-03-22 0.064 0.556522
2005-02-18 0.064 0.524590
2005-01-20 0.064 0.522023
2004-12-21 0.073 0.600329
2004-11-22 0.073 0.591093
2004-10-20 0.073 0.574803
2004-09-22 0.073 0.569423
2004-08-20 0.079 0.622047
2004-07-21 0.079 0.630990
2004-06-22 0.079 0.644372
2004-05-20 0.079 0.648604
2004-04-21 0.079 0.630487
2004-03-22 0.079 0.578331
2004-02-20 0.079 0.581738
2004-01-21 0.079 0.583456
2003-12-22 0.079 0.604438
2003-11-20 0.079 0.639159
2003-10-22 0.079 0.612403
2003-09-22 0.079 0.617187
2003-08-20 0.080 0.627943
2003-07-22 0.079 0.615744
2003-06-20 0.079 0.587798
2003-05-21 0.079 0.600760
2003-04-22 0.079 0.638126
2003-03-20 0.080 0.661704
2003-02-20 0.075 0.630252
2003-01-16 0.075 0.630252
2002-12-18 0.076 0.635983
2002-11-18 0.076 0.638119
2002-10-17 0.076 0.620408
2002-09-18 0.076 0.576631
2002-08-16 0.076 0.583269
2002-07-18 0.076 0.589147
2002-06-18 0.063 0.493344
2002-05-16 0.076 0.594679
2002-04-18 0.076 0.612903
2002-03-20 0.076 0.608000
2002-02-15 0.076 0.583717
2002-01-17 0.076 0.576631
2001-12-18 0.076 0.594679
2001-11-16 0.076 0.558824
2001-10-18 0.076 0.561715
2001-09-18 0.076 0.540156
2001-08-16 0.076 0.545194
2001-07-18 0.076 0.562130
2001-06-18 0.076 0.562546
2001-05-17 0.076 0.546763
2001-04-18 0.076 0.559647
2001-03-16 0.076 0.566741
2001-02-15 0.076 0.554340
2001-01-18 0.076 0.542857
2000-12-18 0.076 0.604975
2000-11-16 0.076 0.614141
2000-10-18 0.076 0.604975
2000-09-18 0.076 0.581818
2000-08-17 0.076 0.596078
2000-07-18 0.076 0.604975
2000-06-16 0.076 0.640000
2000-05-18 0.076 0.671823
2000-04-18 0.076 0.664481
2000-03-16 0.076 0.683146
2000-02-17 0.076 0.664481
2000-01-18 0.076 0.671823
1999-12-16 0.076 0.683146
1999-11-18 0.076 0.633333
1999-10-18 0.076 0.623590
1999-09-16 0.076 0.584615
1999-08-18 0.076 0.565581
1999-07-16 0.076 0.528696
1999-06-17 0.076 0.528696
1999-05-18 0.076 0.531004
1999-04-16 0.076 0.517447
1999-03-18 0.076 0.502479
1999-02-18 0.076 0.500412
1999-01-15 0.076 0.508787
1998-12-17 0.076 0.504564
1998-11-18 0.076 0.492308
1998-10-16 0.076 0.480632
1998-09-17 0.076 0.531004
1998-08-18 0.076 0.519658
1998-07-16 0.076 0.524138
1998-06-18 0.076 0.531004
1998-05-18 0.076 0.545291
1998-04-16 0.076 0.535683
1998-03-18 0.076 0.524138
1998-02-18 0.078 0.535622
1998-01-15 0.078 0.522176
1997-12-18 0.078 0.535622
1997-11-18 0.078 0.537931
1997-10-16 0.078 0.542609
1997-09-18 0.078 0.547368
1997-08-18 0.078 0.549780
1997-07-17 0.078 0.547368
1997-06-18 0.078 0.557143
1997-05-16 0.078 0.567273
1997-04-17 0.078 0.567273
1997-03-18 0.082 0.580531
1997-02-18 0.082 0.565517
1997-01-15 0.082 0.575439
1996-12-18 0.082 0.590991
1996-11-18 0.082 0.580531
1996-10-17 0.082 0.596364
1996-09-18 0.082 0.601835
1996-08-16 0.082 0.575439
1996-07-18 0.082 0.596364
1996-06-18 0.082 0.601835
1996-05-16 0.082 0.607407
1996-04-18 0.082 0.613084
1996-03-18 0.082 0.590991
1996-02-15 0.082 0.575439
1996-01-18 0.082 0.590991
1995-12-18 0.082 0.613084
1995-11-16 0.082 0.607407
1995-10-18 0.083 0.632381
1995-09-18 0.082 0.624762
1994-10-14 0.083 0.691667
1994-09-14 0.083 0.614815
1994-08-16 0.083 0.626415
1994-07-14 0.083 0.609174
1994-06-14 0.083 0.626415
1994-05-16 0.083 0.650980
1994-04-14 0.078 0.617822
1994-03-15 0.078 0.583178
1994-02-15 0.078 0.562162
1994-01-13 0.078 0.542609
1993-12-14 0.126 0.950943
1993-11-16 0.078 0.547368
1993-10-14 0.078 0.533333
1993-09-14 0.078 0.537931
Additional Data
dividendRate 0.51
dividendYield 4.77
exDividendDate 2026-07-24
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 0.052
lastDividendDate 2026-06-23
dividendDate 2019-02-01

Info Dump

Attribute Value
52 Week Change 0.06941652
Address1 100 Federal Street
All Time High 15.875
All Time Low 7.7
Ask 11.53
Ask Size 400
Average Daily Volume10 Day 68,560
Average Daily Volume3 Month 65,183
Average Volume 65,183
Average Volume10Days 68,560
Beta 0.716
Bid 9.83
Bid Size 400
Book Value 11.396
City Boston
Compensation As Of Epoch Date 1,388,448,000
Country United States
Crypto Tradeable 0
Currency USD
Current Price 10.68
Current Ratio 4.015
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 10.68
Day Low 10.59
Debt To Equity 4.278
Dividend Date 1,548,979,200
Dividend Rate 0.51
Dividend Yield 4.77
Earnings Growth 0.846
Earnings Quarterly Growth 0.296
Ebitda Margins 0.0
Enterprise To Revenue 20.805
Enterprise Value 449,070,080
Eps Trailing Twelve Months 0.85
Esg Populated 0
Ex Dividend Date 1,784,851,200
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 617-292-1625
Fifty Day Average 10.4886
Fifty Day Average Change 0.19140053
Fifty Day Average Change Percent 0.018248435
Fifty Two Week Change Percent 6.9416523
Fifty Two Week High 10.87
Fifty Two Week High Change -0.18999958
Fifty Two Week High Change Percent -0.017479263
Fifty Two Week Low 9.71
Fifty Two Week Low Change 0.97000027
Fifty Two Week Low Change Percent 0.09989704
Fifty Two Week Range 9.71 - 10.87
Financial Currency USD
First Trade Date Milliseconds 738,250,200,000
Five Year Avg Dividend Yield 4.81
Full Exchange Name NYSE
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 21,584,580
Has Pre Post Market Data 1
Held Percent Insiders 0.00035
Held Percent Institutions 0.34258
Implied Shares Outstanding 28,058,263
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Language en-US
Last Dividend Date 1,782,172,800
Last Dividend Value 0.052
Last Fiscal Year End 1,745,971,200
Long Business Summary 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. Putnam Municipal Opportunities Trust was formed in 1993 and is domiciled in United States.
Long Name Putnam Municipal Opportunities Trust
Market us_market
Market Cap 299,662,272
Market State PRE
Max Age 86,400
Message Board Id finmb_3590683
Most Recent Quarter 1,761,868,800
Net Income To Common 12,128,834
Next Fiscal Year End 1,777,507,200
Non Diluted Market Cap 292,626,254
Open 10.6
Operating Margins 0.88082004
Payout Ratio 0.5548
Phone 617-292-1000
Pre Market Change -0.2300005
Pre Market Change Percent -2.1535625
Pre Market Price 10.45
Pre Market Time 1,784,017,097
Previous Close 10.63
Price Hint 2
Price To Book 0.937171
Price To Sales Trailing12 Months 13.883164
Profit Margins 0.72918
Quick Ratio 3.951
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.0500002
Regular Market Change Percent 0.470369
Regular Market Day High 10.68
Regular Market Day Low 10.59
Regular Market Day Range 10.59 - 10.68
Regular Market Open 10.6
Regular Market Previous Close 10.63
Regular Market Price 10.68
Regular Market Time 1,783,972,802
Regular Market Volume 66,987
Revenue Growth 0.006
Revenue Per Share 0.788
Sand P52 Week Change 0.20847368
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 27,399,462
Shares Percent Shares Out 0.001
Shares Short 26,957
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 13,055
Short Name Putnam Municipal Opportunities
Short Percent Of Float 0.001
Short Ratio 0.45
Source Interval 15
State MA
Symbol PMO
Total Cash 202,248
Total Cash Per Share 0.007
Total Debt 19,291,040
Total Revenue 21,584,580
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 0.85
Trailing P E 12.564706
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 10.47375
Two Hundred Day Average Change 0.20625019
Two Hundred Day Average Change Percent 0.019692106
Type Disp Equity
Volume 66,987
Website https://www.putnam.com/individual/mutual-funds/closed-end-funds/funds/64-municipal-opportunities-trust
Zip 2,110