Can Western Asset Managed Municipals Fund, Inc. (NYSE:MMU) truly back claims of $0.06 dividends by Aug 1, 2017?

July 18, 2017 - By Clifton Ray

 Can Western Asset Managed Municipals Fund, Inc. (NYSE:MMU) truly back claims of $0.06 dividends by Aug 1, 2017?
Investors sentiment decreased to 0.71 in Q4 2016. Its down 1.49, from 2.2 in 2016Q3. It dived, as 5 investors sold Western Asset Managed Municipals Fnd Inc shares while 16 reduced holdings. 6 funds opened positions while 9 raised stakes. 4.82 million shares or 3.78% less from 5.01 million shares in 2016Q3 were reported.
Company Of Vermont holds 0.01% of its portfolio in Western Asset Managed Municipals Fnd Inc (NYSE:MMU) for 7,400 shares. Florida-based Raymond James And Associates has invested 0% in Western Asset Managed Municipals Fnd Inc (NYSE:MMU). Northern Trust accumulated 74,422 shares or 0% of the stock. Morgan Stanley accumulated 2.44 million shares or 0.01% of the stock. Fifth Third Bank, a Ohio-based fund reported 3,636 shares. Missouri-based Smith Moore & has invested 0.21% in Western Asset Managed Municipals Fnd Inc (NYSE:MMU). Brown Brothers Harriman & owns 8,000 shares or 0% of their US portfolio. Moreover, Bank & Trust Of Mellon has 0% invested in Western Asset Managed Municipals Fnd Inc (NYSE:MMU). Moreover, Macroview Inv Management Ltd Com has 1.24% invested in Western Asset Managed Municipals Fnd Inc (NYSE:MMU) for 16,603 shares. Northwestern Mutual Wealth accumulated 0% or 700 shares. Invesco has 0% invested in Western Asset Managed Municipals Fnd Inc (NYSE:MMU) for 357,796 shares. Commonwealth Equity Inc owns 39,237 shares. Royal Comml Bank Of Canada has 0% invested in Western Asset Managed Municipals Fnd Inc (NYSE:MMU) for 49,226 shares. Walter Keenan Fin Consulting Mi Adv has 35,400 shares for 0.26% of their portfolio. Creative Planning invested 0% of its portfolio in Western Asset Managed Municipals Fnd Inc (NYSE:MMU).

Western Asset Managed Municipals Fund, Inc. (NYSE:MMU) is expected to pay $0.06 on Aug 1, 2017. The indicated annual dividend is $0.83. Shareholders owning the stock before Jul 19, 2017 will be eligible to receive the payout. Based on Western Asset Managed Municipals Fund, Inc.’s current price of $14.04, the dividend is 0.45 %. This dividend’s record date is Jul 21, 2017 and the announcement date is May 17, 2017. The stock decreased 0.14% or $0.02 on July 17, reaching $14.04. About shares traded. Western Asset Managed Municipals Fnd Inc (NYSE:MMU) has declined 7.76% since July 18, 2016 and is downtrending. It has underperformed by 24.46% the S&P500.

Western Asset Managed Municipals Fund Inc. is a non-diversified, closed-end management investment company. The company has market cap of $603.65 million. The Fund seeks to maximize current income exempt from federal income tax as is consistent with preservation of principal. It currently has negative earnings. 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 .

More news for Western Asset Managed Municipals Fnd Inc (NYSE:MMU) were recently published by: Nasdaq.com, which released: “Should You Invest in Western Asset Managed Municipals A Fund (SHMMX)? – Best …” on June 05, 2015. Nasdaq.com‘s article titled: “Western Asset Managed Municipals Fund, Inc. (MMU) Ex-Dividend Date Scheduled …” and published on June 20, 2017 is yet another important article.

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