Western Asset Managed Municipals Fund (MMU) Receiving Positive Media Coverage, Analysis Finds
Headlines about Western Asset Managed Municipals Fund (NYSE:MMU) have trended positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Western Asset Managed Municipals Fund earned a media sentiment score of 0.47 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 47.3283762453116 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Western Asset Managed Municipals Fund (NYSE:MMU) opened at $14.31 on Thursday. Western Asset Managed Municipals Fund has a one year low of $13.35 and a one year high of $14.60.
The business also recently announced a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 22nd will be paid a $0.063 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.28%. The ex-dividend date is Thursday, December 21st.
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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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