Western Asset Managed Municipals Fund (MMU) Getting Very Positive Press Coverage, Report Finds
Press coverage about Western Asset Managed Municipals Fund (NYSE:MMU) has been trending very positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Western Asset Managed Municipals Fund earned a daily sentiment score of 0.58 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 47.1558087739412 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Western Asset Managed Municipals Fund (NYSE:MMU) traded down 0.42% on Friday, hitting $14.18. 109,541 shares of the stock were exchanged. Western Asset Managed Municipals Fund has a 1-year low of $13.03 and a 1-year high of $15.52. The company’s 50 day moving average is $14.19 and its 200 day moving average is $13.92.
The firm also recently declared a monthly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 24th will be paid a dividend of $0.063 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.76 dividend on an annualized basis and a yield of 5.33%.
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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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