WESTN AST MN FD (NYSE:MNP) declared a monthly dividend on Tuesday, August 15th, Wall Street Journal reports. Stockholders of record on Friday, September 22nd will be given a dividend of 0.0625 per share by the financial services provider on Monday, October 2nd. This represents a $0.75 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Thursday, September 21st.
WESTN AST MN FD has increased its dividend by an average of 1.0% annually over the last three years.
WESTN AST MN FD (MNP) opened at 15.91 on Wednesday. The stock’s 50 day moving average price is $15.93 and its 200 day moving average price is $15.66. WESTN AST MN FD has a 1-year low of $14.51 and a 1-year high of $17.22.
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WESTN AST MN FD Company Profile
Western Asset Municipal Partners Fund Inc is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income, which is exempt from regular federal income taxes, consistent with the preservation of capital. As a secondary investment objective, the Fund intends to enhance portfolio value by purchasing tax-exempt securities that, in the opinion of the investment manager, may appreciate in value relative to other similar obligations in the marketplace.
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