Very Positive Press Coverage Somewhat Unlikely to Impact Western Asset Managed Municipals Fnd (MMU) Share Price
Media coverage about Western Asset Managed Municipals Fnd (NYSE:MMU) has been trending very positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Western Asset Managed Municipals Fnd earned a media sentiment score of 0.66 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 45.1714088388308 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Western Asset Managed Municipals Fnd (NYSE MMU) traded up $0.03 during trading on Friday, reaching $14.03. The company had a trading volume of 53,000 shares, compared to its average volume of 93,450. Western Asset Managed Municipals Fnd has a 52-week low of $13.35 and a 52-week high of $14.60.
The company also recently announced a monthly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 22nd were issued a $0.063 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date of this dividend was Thursday, December 21st.
In related news, Director William R. Hutchinson sold 2,000 shares of Western Asset Managed Municipals Fnd stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $14.25, for a total value of $28,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
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Western Asset Managed Municipals Fnd Company Profile
Western Asset Managed Municipals Fund Inc is a non-diversified, closed-end management investment company. The Fund seeks to maximize current income exempt from federal income tax as is consistent with preservation of principal. It seeks to achieve its objective by investing primarily in long-term investment grade municipal debt securities issued by state and local governments, political subdivisions, agencies and public authorities (municipal obligations).
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