Western Asset Managed Municipals Fund, Inc. (MMU) Plans Monthly Dividend of $0.06
Western Asset Managed Municipals Fund, Inc. (NYSE:MMU) declared a monthly dividend on Tuesday, August 15th, Wall Street Journal reports. Stockholders of record on Friday, September 22nd will be given a dividend of 0.063 per share by the financial services provider on Monday, October 2nd. This represents a $0.76 annualized dividend and a dividend yield of 5.43%. The ex-dividend date is Thursday, September 21st.
Western Asset Managed Municipals Fund has decreased its dividend payment by an average of 0.1% per year over the last three years.
Western Asset Managed Municipals Fund (NYSE MMU) traded down 0.50% during trading on Tuesday, reaching $13.91. The company had a trading volume of 45,185 shares. Western Asset Managed Municipals Fund has a 52 week low of $13.03 and a 52 week high of $15.56. The company’s 50-day moving average is $14.01 and its 200 day moving average is $13.86.
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About Western Asset Managed Municipals Fund
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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