Westn Ast Mn Fd (MNP) Declares Monthly Dividend of $0.06
Westn Ast Mn Fd (NYSE:MNP) announced a monthly dividend on Tuesday, November 14th, Wall Street Journal reports. Investors of record on Friday, February 16th will be paid a dividend of 0.0625 per share by the financial services provider on Thursday, March 1st. This represents a $0.75 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend is Thursday, February 15th.
Westn Ast Mn Fd has raised its dividend by an average of 1.0% annually over the last three years.
Shares of Westn Ast Mn Fd (NYSE:MNP) traded up $0.04 on Tuesday, hitting $15.09. 18,200 shares of the company traded hands, compared to its average volume of 22,086. Westn Ast Mn Fd has a 12 month low of $14.51 and a 12 month high of $16.26.
Western Asset Municipal Partners Fund Inc is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income, which is exempt from regular federal income taxes, consistent with the preservation of capital. As a secondary investment objective, the Fund intends to enhance portfolio value by purchasing tax-exempt securities that, in the opinion of the investment manager, may appreciate in value relative to other similar obligations in the marketplace.
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