MNP Ex-Dividend Reminder - 10/16/13

Looking at the universe of stocks we cover at Dividend Channel, on 10/16/13, Western Asset Municipal Partners Fund (MNP) will trade ex-dividend, for its monthly dividend of $0.07, payable on 10/25/13. As a percentage of MNP's recent stock price of $13.48, this dividend works out to approximately 0.52%, so look for shares of Western Asset Municipal Partners Fund to trade 0.52% lower — all else being equal — when MNP shares open for trading on 10/16/13.

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Below is a dividend history chart for MNP, showing historical dividends prior to the most recent $0.07 declared by Western Asset Municipal Partners Fund:

MNP+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MNP is likely to continue, and whether the current estimated yield of 6.23% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of MNP shares, versus its 200 day moving average:

Western Asset Municipal Partners Fund 200 Day Moving Average Chart

Looking at the chart above, MNP's low point in its 52 week range is $12.97 per share, with $18.32 as the 52 week high point — that compares with a last trade of $13.48.
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In Monday trading, Western Asset Municipal Partners Fund shares are currently down about 0.3% on the day.

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