Western Asset Managed Municipals Fund, Inc. (NYSE:MMU) declared a monthly dividend on Tuesday, November 14th, Wall Street Journal reports. Investors of record on Friday, February 16th will be paid a dividend of 0.063 per share by the financial services provider on Thursday, March 1st. This represents a $0.76 annualized dividend and a yield of 5.38%. The ex-dividend date is Thursday, February 15th.
Western Asset Managed Municipals Fund has decreased its dividend by an average of 0.1% per year over the last three years.
Shares of Western Asset Managed Municipals Fund (NYSE MMU) traded up $0.03 during midday trading on Tuesday, reaching $14.05. The company had a trading volume of 44,900 shares, compared to its average volume of 72,573. Western Asset Managed Municipals Fund has a 1 year low of $13.03 and a 1 year high of $14.51.
Western Asset Managed Municipals Fund 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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