Western Asset Municipal Partners Fnd Inc (NYSE:MNP) announced a monthly dividend on Thursday, February 21st, Wall Street Journal reports. Stockholders of record on Thursday, April 18th will be paid a dividend of 0.0575 per share by the financial services provider on Wednesday, May 1st. This represents a $0.69 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Wednesday, April 17th.
Western Asset Municipal Partners Fnd has decreased its dividend by an average of 6.3% per year over the last three years.
Shares of NYSE:MNP traded down $0.01 during trading on Thursday, hitting $14.50. 24,801 shares of the stock were exchanged, compared to its average volume of 25,569. Western Asset Municipal Partners Fnd has a 1-year low of $13.19 and a 1-year 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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