Understanding Putnam Municipal Opps's Ex-Dividend Date
On November 20, 2020, Putnam Municipal Opps (NYSE:PMO) declared a dividend payable on February 1, 2021 to its shareholders. Putnam Municipal Opps also announced that shareholders on the company's books on or before January 22, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Putnam Municipal Opps will be on January 21, 2021. The company's current dividend payout is at $0.05. That equates to a dividend yield of 4.78% at current price levels.
What Is An Ex-Dividend Date?
An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.
Understanding Putnam Municipal Opps's Dividend History
Over the past year, Putnam Municipal Opps has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on September 23, 2020 the company's payout was $0.05, which has returned to its value today. Putnam Municipal Opps's dividend yield last year was 4.62%, which has since grown by 0.16%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.
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