Western Asset Municipal Partners Fnd Inc (NYSE:MNP) declared a monthly dividend on Thursday, May 21st, Wall Street Journal reports. Stockholders of record on Monday, August 24th will be paid a dividend of 0.0475 per share by the financial services provider on Tuesday, September 1st. This represents a $0.57 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Friday, August 21st.
Western Asset Municipal Partners Fnd has decreased its dividend by an average of 10.3% per year over the last three years.
Shares of NYSE:MNP opened at $13.45 on Friday. The business’s 50 day moving average price is $13.57 and its 200-day moving average price is $14.63. Western Asset Municipal Partners Fnd has a 1 year low of $11.32 and a 1 year high of $15.82.
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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