Western Asset Managed Municipals Fund (MMU) Earning Very Positive News Coverage, Analysis Finds
News coverage about Western Asset Managed Municipals Fund (NYSE:MMU) has been trending very positive this week, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Western Asset Managed Municipals Fund earned a media sentiment score of 0.60 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.9154391525072 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Western Asset Managed Municipals Fund (MMU) opened at 14.01 on Tuesday. The company’s 50-day moving average price is $14.16 and its 200-day moving average price is $14.01. Western Asset Managed Municipals Fund has a 12-month low of $13.03 and a 12-month high of $14.51.
The company also recently disclosed a monthly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 24th will be paid a $0.063 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.76 annualized dividend and a yield of 5.40%.
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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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