Western Asset Managed Municipals Fund, Inc. (NYSE:MMU) declared a monthly dividend on Tuesday, November 14th, Wall Street Journal reports. Stockholders of record on Friday, December 22nd will be paid a dividend of 0.063 per share by the financial services provider on Friday, December 29th. This represents a $0.76 annualized dividend and a dividend yield of 5.38%. The ex-dividend date of this dividend is Thursday, December 21st.
Western Asset Managed Municipals Fund has decreased its dividend payment by an average of 0.1% annually over the last three years.
Shares of Western Asset Managed Municipals Fund (NYSE:MMU) traded up $0.03 on Tuesday, hitting $14.05. The stock had a trading volume of 44,900 shares, compared to its average volume of 72,573. Western Asset Managed Municipals Fund has a one year low of $13.03 and a one year high of $14.51.
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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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