Stocks: Western Asset Managed Municipals Fnd Inc (MMU) Declares $0.06 Monthly Dividend

Stocks: Western Asset Managed Municipals Fnd Inc (MMU) Declares $0.06 Monthly Dividend

Western Asset Managed Municipals Fnd Inc (NYSE:MMU) announced a monthly dividend on Thursday, February 16th. Stockholders of record on Friday, May 19th will be paid a dividend of 0.063 per share by the financial services provider on Thursday, June 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date is Wednesday, May 17th.

Western Asset Managed Municipals Fnd has decreased its dividend by an average of 0.1% per year over the last three years.

Shares of Western Asset Managed Municipals Fnd (NYSE:MMU) opened at 13.90 on Friday. The stock’s 50 day moving average price is $13.78 and its 200-day moving average price is $13.74. The stock has a market capitalization of $598.46 million, a price-to-earnings ratio of 103.73 and a beta of 0.11. Western Asset Managed Municipals Fnd has a 12 month low of $13.03 and a 12 month high of $15.60.

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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