Westn Ast Mn Fd (NYSE:MNP) announced a monthly dividend on Thursday, May 18th, Wall Street Journal reports. Investors of record on Friday, July 21st will be given a dividend of 0.0675 per share by the financial services provider on Tuesday, August 1st. This represents a $0.81 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Wednesday, July 19th.
Westn Ast Mn Fd has increased its dividend by an average of 1.0% per year over the last three years.
Westn Ast Mn Fd (NYSE:MNP) traded down 0.56% during mid-day trading on Tuesday, reaching $16.00. The company had a trading volume of 12,241 shares. Westn Ast Mn Fd has a 12 month low of $14.51 and a 12 month high of $19.25. The firm’s 50-day moving average price is $15.86 and its 200-day moving average price is $15.49.
About Westn Ast Mn Fd
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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