Daniel P. Cronin, a director at Western Asset Managed Municipals Fund Inc. (NYSE:MMU), has not too long ago offered a portion of his holdings within the firm. In response to a submitting with the Securities and Change Fee, Cronin offered 4,339.952 shares at a value of $10.54 every, totaling roughly $45,743. The $580 million market cap fund at the moment provides a considerable 6.16% dividend yield, in line with InvestingPro information.
Following this transaction, Cronin now holds 4,647.554 shares within the fund. The shares offered have been a part of these acquired when Western Asset Municipal Companions Fund Inc. merged with Western Asset Managed Municipals Fund Inc. and thru the Fund’s Dividend Reinvestment Plan. The fund has proven robust efficiency with a ten.38% year-to-date return.
This transaction is a part of routine buying and selling actions by firm insiders, that are intently monitored by traders to gauge the sentiment of these closest to the corporate’s operations. InvestingPro information reveals the fund has maintained dividend funds for 33 consecutive years, highlighting its dedication to shareholder returns.
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