Westn Ast Mn Fd (NYSE:MNP) declared a monthly dividend on Tuesday, November 14th, Wall Street Journal reports. Shareholders of record on Friday, January 19th will be paid a dividend of 0.0625 per share by the financial services provider on Thursday, February 1st. This represents a $0.75 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date is Thursday, January 18th.
Westn Ast Mn Fd has raised its dividend by an average of 1.0% annually over the last three years.
Shares of Westn Ast Mn Fd (NYSE:MNP) traded up $0.04 during mid-day trading on Tuesday, reaching $15.09. 18,200 shares of the company’s stock were exchanged, compared to its average volume of 22,086. Westn Ast Mn Fd has a twelve month low of $14.51 and a twelve month high of $16.26.
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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