Western Asset Managed Municipals Fund (MMU) Earns Daily Media Impact Rating of 0.50
Media coverage about Western Asset Managed Municipals Fund (NYSE:MMU) has been trending very positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Western Asset Managed Municipals Fund earned a coverage optimism score of 0.50 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 47.8070054300501 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Western Asset Managed Municipals Fund (NYSE:MMU) traded up 0.56% during mid-day trading on Wednesday, reaching $14.28. The company’s stock had a trading volume of 28,778 shares. The company has a 50-day moving average price of $14.11 and a 200-day moving average price of $13.88. Western Asset Managed Municipals Fund has a 12-month low of $13.03 and a 12-month high of $15.52.
The company also recently declared a monthly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 24th will be issued a dividend of $0.063 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.76 annualized dividend and a dividend yield of 5.32%.
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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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