NYSE · Asset Management · USD

Western Asset Managed Municipals Fund Inc. (MMU) Stock Analysis

Western Asset Managed Municipals Fund Inc. (MMU) is a Asset Management stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

MMU

$9.54

−$0.03 (−0.31%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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MMU Key Statistics

As of Oct 21, 2026

Trading

Open: $9.64
Previous Close: $9.57
Day's Range: 9.50–9.65
52-Week Range: 8.71–10.71
Volume: 245.57K
Beta: 0.55

Valuation

Market Cap: $518.37M
P/E Ratio: 10.04
P/S ratio: 13.43
EPS (ttm): 0.95

Financials (FY)

Revenue (FY): $62.79M+561.84%
Net Income (FY): $51.92M
Profit margin: 134.48%
Shares Outstanding: 54.34M
1-Year Return: −3.62%

Dividend and dates

Dividend: $0.65+6.83%
Ex-Dividend Date: October 23, 2026
Avg Volume: 238.72K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, MMU closed at $9.54, −3.62% over 1 year.

Western Asset Managed Municipals Fund Inc. (MMU) has a market capitalization of $518.37M.

In fiscal 2025, MMU reported revenue of $62.79M.

MMU Stock Return by Calendar Year

Western Asset Managed Municipals Fund Inc. (MMU) 10-year return: what $10,000 became

1 year: $10,000 $9,638; −3.62%
5 years: $10,000 $9,527; −4.73%
10 years: $10,000 $11,019; +10.19%

If you had invested $10,000 in Western Asset Managed Municipals Fund Inc. (MMU) 10 years ago, at the close on October 21, 2016, it would have been worth $11,019 at the close on October 21, 2026: +10.19% in total, +0.98% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+10.10%−19.57%−5.14%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−5.14%
2025	+9.26%
2024	+6.64%
2023	+5.70%
2022	−19.57%
2021	+5.87%
2020	+0.71%
2019	+10.10%
2018	−4.55%
2017	+8.30%
2016 (partial year)	−9.59%

As of October 21, 2026.

MMU Revenue and Earnings by Fiscal Year

FY ends May

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$62.79M	$51.92M	82.7%
2024	$9.49M	−$2.76M	−29.1%
2023	$39.47M	$26.05M	66.0%
2022	−$2.33M	−$10.35M	444.1%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$62.79M	—	—	$51.92M	82.7%
2024	$9.49M	—	—	−$2.76M	−29.1%
2023	$39.47M	—	—	$26.05M	66.0%
2022	−$2.33M	—	—	−$10.35M	444.1%

Annual figures as reported, in the company's reporting currency. As of May 31, 2026.

MMU Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

$0.66+4.1% vs 2024

Dividends per share, 2025 · 12 payments

Year	Dividends per share	Payments	Change
2026*	$0.44	8	—
2025	$0.66	12	+4.1%
2024	$0.63	12	+41.2%
2023	$0.45	12	−4.5%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.44	8	—
2025	$0.66	12	+4.1%
2024	$0.63	12	+41.2%
2023	$0.45	12	−4.5%
2022	$0.47	12	−8.2%
2021	$0.51	12	−5.2%
2020	$0.54	12	−18.4%
2019	$0.66	12	−8.2%
2018	$0.72	12	−4.6%
2017	$0.76	12	+490.6%
2016	$0.13	2	—

Most recent payment: $0.06 per share, ex-dividend August 24, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

MMU Valuation vs Asset Management Median

Median of 512 stocks

Metric	MMU	Asset Management median	vs median
P/E	10.04	9.44	6% above
P/S ratio	13.43	8.59	56% above
Profit margin	134.48%	74.97%	59.5 pts above

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Western Asset Managed Municipals Fund Inc. (MMU) carries a market capitalisation of $518.37M. It is classified in the Asset Management industry, within the Financial Services sector.

MMU last closed at $9.54 on October 21, 2026. That is −$0.03 (−0.31%) against the previous close. Over the past 52 weeks the price has ranged from $8.71 to $10.71. The latest close sits 9.53% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $62.79M. That is +561.84% against the prior fiscal year, when revenue was $9.49M. Net income for the same year was $51.92M. The reported profit margin is 134.48%. That is 59.5 percentage points above the Asset Management median of 74.97%. Trailing earnings per share are 0.95.

Across the 4 fiscal years on file, revenue moves from −$2.33M in 2022 to $62.79M in 2025. Of those 4 years, 2 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 10.04. That is 6.36% above the Asset Management median of 9.44. Measured against sales, the shares trade at 13.43 times revenue. On price-to-sales that is 56.27% above the Asset Management median of 8.59. The medians here are taken across 512 Asset Management companies that report the metric.

Beta against the wider market is reported at 0.55. Annualized volatility over the trailing 10 years is 13.12%. Over the trailing twelve months the total return is −3.62%. Across 10 years the annualized return works out at +0.98%.

Growth & Income

MMU pays a dividend yielding 6.83%. That is 2.1 percentage points below the Asset Management median yield of 8.91%. The indicated annual rate is $0.65 a share. The ex-dividend date on file is October 23, 2026. Dividends are recorded for 11 calendar years; 2026 shows 8 payments totalling $0.44 a share. The year before, 2025, totalled $0.66 a share.

The strongest complete calendar year on file is 2019 at +10.10%; the weakest is 2022 at −19.57%. Of the 9 complete calendar years on file, 7 finished higher. 2026 is still running; the total return is −5.14% year to date.

Peer Comparison

Western Asset Managed Municipals Fund Inc. (MMU) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Western Asset Managed Municipals Fund Inc.	MMU	$518.37M	10.0
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5

The Asset Management industry average P/E ratio is 9.4x. Western Asset Managed Municipals Fund Inc. trades at a P/E of 10.0.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Western Asset Managed Municipals Fund Inc.

Western Asset Managed Municipals Fund Inc. is a closed 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 the fixed income markets of the United States. The fund invests in securities that provide income exempt from federal income tax. It invests primarily in investment grade municipal securities. The fund employs intensive proprietary research to create its portfolio. It benchmarks the performance of its portfolio against the Barclays Capital Municipal Bond Index. The fund was formerly known as Managed Municipals Portfolio Inc. Western Asset Managed Municipals Fund Inc. was formed on June 26, 1992 and is domiciled in the United States.

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