Western Asset Municipal D Opp Trust Inc. (NYSE:MTT) declared a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Shareholders of record on Friday, June 21st will be paid a dividend of 0.079 per share on Monday, July 1st. This represents a $0.95 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Thursday, June 20th.
Western Asset Municipal D Opp Trust has decreased its dividend payment by an average of 1.2% annually over the last three years.
Western Asset Municipal D Opp Trust stock traded down $0.01 during trading hours on Friday, reaching $21.82. 9,800 shares of the stock were exchanged, compared to its average volume of 24,692. Western Asset Municipal D Opp Trust has a 52-week low of $19.37 and a 52-week high of $22.09.
Western Asset Municipal D Opp Trust Company Profile
Western Asset Municipal Defined Opportunity Trust Inc is a close-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company. It invests in fixed income markets of the United States. The fund makes its investments in the securities of companies operating across diversified sectors.
Further Reading: The limitations of an equal weight rating
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