Very Favorable Media Coverage Somewhat Unlikely to Impact Western Asset Managed Municipals Fund (MMU) Share Price
Press coverage about Western Asset Managed Municipals Fund (NYSE:MMU) has trended very positive on Wednesday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog 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 media sentiment score of 0.56 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 48.0138548358909 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Western Asset Managed Municipals Fund (NYSE MMU) traded up 0.2606% during mid-day trading on Wednesday, hitting $14.1969. The company had a trading volume of 38,598 shares. Western Asset Managed Municipals Fund has a one year low of $13.03 and a one year high of $14.51. The company’s 50-day moving average is $14.20 and its 200 day moving average is $13.99.
The company 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. This represents a $0.76 annualized dividend and a yield of 5.34%. The ex-dividend date is Wednesday, November 22nd.
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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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