MNP - Western Asset Municipal Partners Fund Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
+0.03 (+0.20%)
At close: 3:52PM EST
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Previous Close15.61
Bid15.63 x 2200
Ask16.08 x 1000
Day's Range15.63 - 15.69
52 Week Range14.25 - 15.82
Avg. Volume16,570
Market Cap152.018M
Beta (5Y Monthly)0.09
PE Ratio (TTM)9.73
Earnings DateN/A
Forward Dividend & Yield0.57 (3.65%)
Ex-Dividend DateFeb 19, 2020
1y Target EstN/A
  • Moody's

    Western Asset Municipal Partners Fund Inc -- Moody's announces completion of a periodic review of ratings of Western Asset Municipal Partners Fund Inc.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Western Asset Municipal Partners Fund Inc. New York, January 29, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Western Asset Municipal Partners Fund Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • 9 Municipal Bond Funds for Tax-Free Income

    9 Municipal Bond Funds for Tax-Free Income

    Anyone looking to tamp down their tax bill for next year need look no further than municipal bonds. They've been around for decades, but many people still aren't familiar with this particular debt investment - as well as the municipal bond funds that hold them.Municipal bonds deliver tax-advantaged income to investors at regular intervals. At a minimum, muni bond income is exempt from federal tax. Depending on where you live and where the bonds are issued, that income also might be clear of state and even local taxes.If you're a high-income earner, munis are for you, says Jim Barnes, Director of Fixed Income at Bryn Mawr Trust. "The primary way to determine whether muni bonds are a good or bad investment for an investor boils down to the investor's marginal tax rate. A high marginal tax rate equates to a higher taxable equivalent yield when comparing different investment options," he says. "The higher the marginal tax rate, the more appealing and advantageous the tax-free income becomes to the investor."Just how powerful is this tax exemption? For a household earning $200,000 per year (married, filing jointly, taxed at 24%), a municipal bond yielding 4% has a tax-equivalent yield of 5.26%. That means a $100,000 investment in munis will generate roughly $1,260 more annually in passive income than they'd get with a 4% yield from, say, corporate bonds or stocks.Here are nine municipal bond funds that provide exposure to this tax-free income. There's something for every type of fund preference: mutual funds, exchange-traded funds (ETFs) and closed-end funds (CEFs). SEE ALSO: The 7 Best Bond Funds for Retirement Savers in 2019