Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
In a recent transaction, Daniel P. Cronin, a director at Western Asset Managed Municipals Fund Inc. (NYSE:MMU), sold 2,697.8 shares of common stock. The shares were sold at an average price of $10.27 each, resulting in a total transaction value of $27,706. Following this sale, Cronin holds 1,949.754 shares of the company's stock. The transaction was reported in a filing with the Securities and Exchange Commission.
The $566.94M market cap fund currently trades at $10.38, offering a notable 6.28% dividend yield. According to InvestingPro, MMU has maintained dividend payments for 34 consecutive years and exhibits low volatility with a beta of 0.49. Subscribers can access 3 additional ProTips and comprehensive dividend analysis on the platform.
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