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Western Asset Managed Municipals Fund(NYSE) MMU

Market Cap$551.65MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1992)+538%
5 Year-3%
1 Year+9%
1 Month+1%
$10.08
-0.10%
-0.01Today
After hours$10.06-$0.02 (-0.20%)
Western Asset Managed Municipals Fund last closing stock price
MetricPriceDate
Last closeUSD 10.102026-08-31
Western Asset Managed Municipals Fund stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.3%USD 10.132026-08-24
1 month+1.24%USD 9.982026-07-31
3 month+0.13%USD 10.092026-06-02
Year to date+0.93%USD 10.012025-12-31
1 year+8.81%USD 9.282025-08-29
3 year+26.55%USD 7.982023-09-01
5 year-2.72%USD 10.382021-09-01
Since inception+538.14%USD 1.581992-07-17

Western Asset Managed Municipals Fund Financials at a Glance

Market Cap

$551.65MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$74.74M

Net Income (TTM)

$49.16M

EPS (TTM)

$0.95

P/E Ratio

10.62

Dividend

$0.65

Beta (Volatility)

0.19 (Low)

Price

$10.08

Volume

148,843.264

Open

$10.11

Previous Close

$10.10

Daily Range

$10.05 - $10.12

52-Week Range

$9.85 - $10.71

Estimated Earnings Date

Jan 26, 2026

MMU News

No articles available.

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About Western Asset Managed Municipals Fund

Western Asset Managed Municipals Fund is a closed-end fixed income mutual fund that focuses on investment-grade municipal securities. Managed by Legg Mason Partners Fund Advisor, LLC, the fund aims to provide income exempt from federal income tax through a diversified portfolio.

Products and Services
  • Invests primarily in investment-grade municipal securities
  • Utilizes proprietary research for portfolio management
  • Benchmarks performance against the Barclays Capital Municipal Bond Index
Growth Outlook
  • Recent revenue growth of 18.5% year-over-year
  • Net income increased significantly, reflecting strong operational efficiency
  • Consistent dividend yield of approximately 6.45% enhances investor appeal
Financial Highlights
  • Latest quarterly revenue reported at $18.2 million
  • Net income for the quarter reached $11.5 million
  • Operating income margin stands at 90.6%, indicating strong profitability
Western Asset Managed Municipals Fund has demonstrated a robust financial performance, with a focus on generating tax-exempt income for investors. The fund's strategic investment in high-quality municipal securities, combined with its strong operational metrics, positions it well for future growth. The consistent dividend yield and recent revenue increases further enhance its attractiveness to potential investors.
AI Generated • Aug 27, 2026

Industry

Capital Markets

Sector

Financials

CEO

Jane Elizabeth Trust, CFA

Headquarters

New York, NY 10010, US

MMU Financials

Key Financial Metrics (TTM)

Gross Margin

85.48%

Operating Margin

174.29%

Net Income Margin

145.58%

Return on Equity

8.61%

Return on Capital

6.94%

Return on Assets

5.79%

Earnings Yield

9.42%

Dividend Yield

6.48%

Payout Ratio

74.53%

Stock Overview

Market Cap

$551.65MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

54.62M

Volume

148.84K

Avg. Volume

120.56K

Financials (TTM)

Gross Profit

$39.97M

Operating Income

$59.40M

EBITDA

$59.49M

Operating Cash Flow

$42.30M

Capital Expenditure

$3.00

Free Cash Flow

$42.30M

Cash & ST Invst.

$7.74M

Total Debt

$296.50M

Western Asset Managed Municipals Fund Performance Analysis

Western Asset Managed Municipals Fund annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20232023-05-31USD 16,978,431-26.9%
20242024-05-31USD 31,194,31483.7%
20252025-05-31USD 38,402,32323.1%
20262026-05-31USD 35,666,252-7.1%
Western Asset Managed Municipals Fund sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22024-11-301.3%
Q42025-05-31-1.4%
Q22025-11-30-10.0%
Q42026-05-314.4%
Western Asset Managed Municipals Fund annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20232023-05-31USD -0.26-83.0%
20242024-05-31USD 0.48N/A
20252025-05-31USD -0.05N/A
20262026-05-31USD 0.95N/A
Western Asset Managed Municipals Fund sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22024-11-30204.8%
Q42025-05-31-207.8%
Q22025-11-30207.2%
Q42026-05-31-71.6%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q4 2026YOY CHG

Revenue

$18.22M

-6.2%

Gross Profit

$15.62M

-8.1%

Gross Margin

85.73%

N/A

Market Cap

$551.65MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

0

N/A

Net Income

$11.49M

-1.1%

EBITDA

$16.50M

-9.5%

Quarterly Fundamentals

Name
Q4 2026YOY CHG

Total Cash

$7.74M

N/A

Total Debt

$296.50M

N/A

Accounts Receivable

$12.48M

-9.1%

Inventory

$0.00

N/A

Long Term Debt

$296.43M

N/A

Short Term Debt

$65.46K

N/A

Return on Assets

5.79%

N/A

Return on Invested Capital

6.93%

N/A

Free Cash Flow

$12.35M

+3346.7%

Operating Cash Flow

$12.35M

+3346.7%

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Questions About MMU

What is the current price of Western Asset Managed Municipals Fund?

Western Asset Managed Municipals Fund is trading at $10.10 per share.

What is the 52-week range for Western Asset Managed Municipals Fund?

Over the past 52 weeks, Western Asset Managed Municipals Fund has traded between $9.85 and $10.71.

How much debt does Western Asset Managed Municipals Fund have?

As of the most recent reporting period, Western Asset Managed Municipals Fund reported total debt of $296.50M.

How much cash does Western Asset Managed Municipals Fund have on hand?

Western Asset Managed Municipals Fund reported $0.00 in cash and cash equivalents in its most recent financial results.

What is Western Asset Managed Municipals Fund’s dividend yield?

Western Asset Managed Municipals Fund currently has a dividend yield of 6.48%.

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