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Putnam Municipal Opportunities TrustPMO -0.76%48 Dividend Payout Ratio is 1.57 as of Apr. 2026, which is 121% above its 10-year median of 0.71. GuruFocus rates PMO with a GF Score™ of 48/100 and a GF Value™ of $20.56 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 938 Asset Management companies, Putnam Municipal Opportunities Trust ranks better than 56.72% on this metric.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Putnam Municipal Opportunities Trust's Dividend Payout Ratio for the
months ended in Apr. 2026 was 1.57.
The historical rank and industry rank for Putnam Municipal Opportunities Trust's Dividend Payout Ratio or its related term are showing as below:
PMO'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.28 Med: 0.71 Max: 10.5
Current: 0.56
During the past 9 years, the highest Dividend Payout Ratio of Putnam Municipal Opportunities Trust was 10.50. The lowest was 0.28. And the median was 0.71.
PMO's Dividend Payout Ratio is ranked better than 56.72% of 938
companies
in the Asset Management industry
Industry Median: 0.67
vs PMO: 0.56
During the past 9 years, the highest Trailing Annual Dividend Yield of Putnam Municipal Opportunities Trust was 6.55%. The lowest was 3.86%. And the median was 4.69%.
During the past 12 months, Putnam Municipal Opportunities Trust's average Dividends Per Share Growth Rate was 12.40% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was -5.90% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was -8.30% per year.
During the past 9 years, the highest 3-Year average Dividends Per Share Growth Rate of Putnam Municipal Opportunities Trust was 6.50% per year. The lowest was -13.00% per year. And the median was -4.90% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Putnam Municipal Opportunities Trust (NYSE:PMO) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Putnam Municipal Opportunities Trust Dividend Payout Ratio Related Terms
Putnam Municipal Opportunities Trust Dividend Payout Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Putnam Municipal Opportunities Trust Dividend Payout Ratio Chart
PMO vs MMD, EFT, RMM: Dividend Payout Ratio Comparison
For the Asset Management subindustry, Putnam Municipal Opportunities Trust's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Putnam Municipal Opportunities Trust Dividend Payout Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Putnam Municipal Opportunities Trust's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Putnam Municipal Opportunities Trust's Dividend Payout Ratio falls into.
Putnam Municipal Opportunities Trust Dividend Payout Ratio Calculation
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Putnam Municipal Opportunities Trust (PMO) has a Dividend Payout Ratio of 1.57 as of Apr. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Putnam Municipal Opportunities Trust and its competitors. This is 121% above median its historical median of 0.71. Over the past decade, Putnam Municipal Opportunities Trust's Dividend Payout Ratio has ranged from 0.28 to 10.50. According to the industry distribution chart, Putnam Municipal Opportunities Trust ranks #406 out of 938 companies in the Asset Management industry, placing it in the top 43.3%.
Is Putnam Municipal Opportunities Trust's Dividend Payout Ratio too high?
Putnam Municipal Opportunities Trust's current Dividend Payout Ratio of 1.57 is 121% above median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 10.50. The Asset Management industry median Dividend Payout Ratio is 0.67. Putnam Municipal Opportunities Trust's value of 1.57 is 134.3% above this industry median. Based on the distribution chart, Putnam Municipal Opportunities Trust ranks #406 out of 938 companies in the Asset Management industry, which is above the industry midpoint. Overall, Putnam Municipal Opportunities Trust has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Putnam Municipal Opportunities Trust's Dividend Payout Ratio compare to MMD and EFT?
According to the Asset Management industry distribution chart, Putnam Municipal Opportunities Trust ranks #406 out of 938 companies for Dividend Payout Ratio. This puts Putnam Municipal Opportunities Trust in the upper half of its industry. The industry median Dividend Payout Ratio is 0.67. Putnam Municipal Opportunities Trust's value of 1.57 is 134.3% above this benchmark. Historically, Putnam Municipal Opportunities Trust's own Dividend Payout Ratio has ranged from 0.28 to 10.50 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 0.67, Putnam Municipal Opportunities Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Asset Management company?
The median Dividend Payout Ratio among Asset Management companies is 0.67, based on 938 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Putnam Municipal Opportunities Trust's current Dividend Payout Ratio of 1.57 is 134.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Putnam Municipal Opportunities Trust and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Putnam Municipal Opportunities Trust's current Dividend Payout Ratio is 1.57, which is 121% above median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Putnam Municipal Opportunities Trust stock overvalued right now?
Based on GuruFocus' analysis, Putnam Municipal Opportunities Trust (PMO) is currently considered Possible Value Trap. The stock's GF Value™ is $20.56, compared to a current price of $10.51 — trading 48.9% below its estimated fair value. The current Dividend Payout Ratio is 1.57, which is 121% above median its 10-year median of 0.71 and 134.3% above the Asset Management industry median of 0.67. Putnam Municipal Opportunities Trust's overall GF Score™ is 48/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Putnam Municipal Opportunities Trust (PMO), the current Dividend Payout Ratio is 1.57 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Putnam Municipal Opportunities Trust (PMO) Overvalued in 2026?
Based on GuruFocus' analysis, Putnam Municipal Opportunities Trust stock appears to be undervalued.
The current stock price of $10.51 is trading 48.9% below its estimated GF Value™ of $20.56.
GuruFocus considers Putnam Municipal Opportunities Trust to be Possible Value Trap.
Key valuation signals for PMO:
Dividend Payout Ratio: 1.57 (121% above median its 10-year median of 0.71)
GF Value™: $20.56 vs. price of $10.51 (48.9% below fair value)
Industry Position: 134.3% above the Asset Management median (#406 of 938)
No single metric tells the full story. See the PMO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Putnam Municipal Opportunities Trust is a non-diversified closed-end management investment company. It seeks to provide as high a level of current income free from federal income tax as Putnam Management believes is consistent with the preservation of capital. The fund invests in healthcare, utilities, transportation, tax bonds, local debt, state debt, and education.
48GF Score
Get the complete analysis for PMO
Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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