Western Asset Managed Municipals Fund (MMU) Earning Very Positive Media Coverage, Report Finds

Headlines about Western Asset Managed Municipals Fund (NYSE:MMU) have trended very positive this week, AlphaOne Sentiment reports. The research firm, a unit of Accern, identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Western Asset Managed Municipals Fund earned a news sentiment score of 0.69 on AlphaOne’s scale. AlphaOne also assigned press coverage about the financial services provider an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next few days.

Insider Buying and Selling by Quarter for Western Asset Managed Municipals Fund (NYSE:MMU)

Shares of Western Asset Managed Municipals Fund (NYSE MMU) opened at 13.91 on Friday. Western Asset Managed Municipals Fund has a 1-year low of $13.03 and a 1-year high of $15.60. The stock has a market cap of $598.90 million, a P/E ratio of 103.81 and a beta of 0.10. The company’s 50-day moving average is $13.85 and its 200-day moving average is $13.75.

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 25th will be issued a $0.063 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.76 dividend on an annualized basis and a yield of 5.43%.

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Western Asset Managed Municipals Fund Company Profile

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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