Western Asset Managed Municipals Fund (MMU) Getting Favorable Media Coverage, Analysis Finds
News headlines about Western Asset Managed Municipals Fund (NYSE:MMU) have trended positive recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Western Asset Managed Municipals Fund earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 100 out of 100, meaning that recent media coverage is extremely likely to have an impact on the stock’s share price in the next few days.
Shares of Western Asset Managed Municipals Fund (NYSE:MMU) remained flat at $14.06 during midday trading on Monday. 3,122 shares of the stock traded hands. Western Asset Managed Municipals Fund has a 12-month low of $13.03 and a 12-month high of $15.60. The firm’s 50 day moving average is $13.88 and its 200 day moving average is $13.78.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 25th will be issued a $0.063 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.76 annualized dividend and a dividend yield of 5.38%.
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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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