Western Asset Managed Municipals Fund, Inc. (NYSE:MMU) Director William R. Hutchinson sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $14.25, for a total transaction of $28,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Western Asset Managed Municipals Fund, Inc. (MMU) traded up $0.11 during mid-day trading on Friday, reaching $14.42. 37,400 shares of the company’s stock traded hands, compared to its average volume of 72,613. Western Asset Managed Municipals Fund, Inc. has a 52-week low of $13.35 and a 52-week high of $14.60.
The company also recently announced a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 22nd will be issued a $0.063 dividend. This represents a $0.76 annualized dividend and a yield of 5.24%. The ex-dividend date of this dividend is Thursday, December 21st.
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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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