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In a challenging economic climate, Western Asset Managed Municipals Fund Inc. (MMU) stock has reached a 52-week low, dipping to $9.85. According to InvestingPro data, the fund maintains a robust 6.53% dividend yield and has consistently paid dividends for 34 consecutive years. This price movement reflects a broader trend of volatility within the fixed-income markets, as investors recalibrate their portfolios in response to fluctuating interest rates and municipal bond yields. Despite market fluctuations, MMU demonstrates relative stability with a beta of 0.46 and trades at a P/E ratio of 11.52. Over the past year, the fund has actually delivered a positive total return of 5.73%, showcasing resilience in a challenging environment. Get deeper insights and access to additional financial metrics with InvestingPro, where subscribers can explore more than 10 exclusive ProTips and comprehensive financial analysis.
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