Western Asset Municipal Partners Fnd Inc (NYSE:MNP) announced a monthly dividend on Tuesday, November 13th, Wall Street Journal reports. Investors of record on Friday, February 15th will be given a dividend of 0.0575 per share by the financial services provider on Friday, March 1st. This represents a $0.69 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend is Thursday, February 14th.
Western Asset Municipal Partners Fnd has decreased its dividend payment by an average of 6.3% per year over the last three years.
MNP opened at $14.33 on Friday. Western Asset Municipal Partners Fnd has a twelve month low of $13.19 and a twelve month high of $15.07.
Western Asset Municipal Partners Fnd Company Profile
Western Asset Municipal Partners Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company. It invests in fixed income markets of the United States. The fund primarily invests in investment grade tax exempt securities issued by municipalities.
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