Dividend Flows: $0.07 just might be within reach for Western Asset Managed Municipals Fund, Inc. (NYSE:MMU) shareholder.

Dividend Flows: $0.07 just might be within reach for Western Asset Managed Municipals Fund, Inc. (NYSE:MMU) shareholder.

Western Asset Managed Municipals Fund, Inc. (NYSE:MMU) is expected to pay $0.07 on Oct 28, 2016. The indicated annual dividend is $0.85. Shareholders owning the stock before Oct 19, 2016 will be eligible to receive the payout. Based on Western Asset Managed Municipals Fund, Inc.’s current price of $14.06, the dividend is 0.46%. This dividend’s record date is Oct 21, 2016 and the announcement date is Aug 15, 2016. The stock closed at $14.06 during the last session. It is down 4.35% since March 15, 2016 and is downtrending. It has underperformed by 9.84% the S&P500.

Western Asset Managed Municipals Fund Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $601.42 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 .

Insitutional Activity: The institutional sentiment decreased to 0.85 in Q2 2016. Its down 0.33, from 1.18 in 2016Q1. The ratio fall, as 7 funds sold all Western Asset Managed Municipals Fnd Inc shares owned while 13 reduced positions. 4 funds bought stakes while 13 increased positions. They now own 4.89 million shares or 0.44% more from 4.87 million shares in 2016Q1.
Van Eck Associate Corporation last reported 74,774 shares in the company. Oppenheimer last reported 20,372 shares in the company. Wfg Limited Partnership last reported 0.07% of its portfolio in the stock. Deutsche Bancorp Ag accumulated 0% or 6,642 shares. Pnc Ser Gp Inc accumulated 800 shares or 0% of the stock. Comml Bank Of Montreal Can holds 0% of its portfolio in Western Asset Managed Municipals Fnd Inc (NYSE:MMU) for 27,500 shares. Creative Planning owns 6,154 shares or 0% of their US portfolio. Macroview Investment Mgmt Lc, a Maryland-based fund reported 27,296 shares. Fifth Third Savings Bank last reported 0% of its portfolio in the stock. The Florida-based Raymond James And Assoc has invested 0.01% in Western Asset Managed Municipals Fnd Inc (NYSE:MMU). Raymond James Financial Services Inc holds 0.02% or 135,099 shares in its portfolio. Nuveen Asset Mngmt Limited Liability owns 129,231 shares or 0.01% of their US portfolio. The Missouri-based Enterprise Fincl Svcs has invested 0.09% in Western Asset Managed Municipals Fnd Inc (NYSE:MMU). Ladenburg Thalmann Ser last reported 0.01% of its portfolio in the stock. Moreover, Citigroup Inc has 0% invested in Western Asset Managed Municipals Fnd Inc (NYSE:MMU) for 4,000 shares.

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