NYSE : MMU

Western Asset Managed Municipals Fund

$10.38 USD

-$0.03 (-0.29%)

Volume
37.85K
Average Volume
132.8K
Market Capitalization
$566.94M
P/E Ratio
207.60
Dividend Yield
6.30%
Price Target
Year High
$10.71
Year Low
$9.79
Day High
Day Low
Payout Ratio
$14.45
Current Ratio
$283.79
Source Headline
MMU: The Return Is Driven By Return Of Capital

Western Asset Managed Municipals Fund is a municipal bond closed-end fund focused on high-credit-quality, investment-grade bonds. MMU offers a 6.25% distribution, but after adjusting for return of capital, the effective yield is approximately 4.1%, which is unimpressive. The fund's strategy emphasizes low credit risk and medium tenor, but I believe better risk-adjusted returns exist in lower-rated muni bond funds.

seekingalpha.com - 2026-07-08 04:38:38

CEF Market Weekly Review: The Key Factors Driving NII

We review the CEF market valuation and performance through the fourth week of April and highlight recent market action. CEF markets faced renewed risk aversion, with sector discounts widening to historical averages and MLPs and Convertibles led to the upside. Western Asset CEFs' NII remained largely stable; key drivers include short-term rate direction, liability management, and overdistribution.

seekingalpha.com - 2026-05-04 09:42:32

Western Asset Managed Municipals Fund Inc. Announces Financial Position as of February 28, 2026

NEW YORK--(BUSINESS WIRE)--Category: Financials.

businesswire.com - 2026-04-22 08:00:00

Get MMU Insider Trade Alerts

MMU Price Target Summary

Last Month

0 analysts

Last Quarter

0 analysts

Last Year

0 analysts

All Time

0 analysts

MMU Recent Analyst Grades

Date Analyst Firm Action Previous Grade New Grade