MMU (Western Asset Managed Municipals Fd) Shareholder Yield % : 6.92% (As of Nov. 2025) — 58% Above Median


MMU Western Asset Managed Municipals Fd Inc MMU
33 GF Score
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What is Western Asset Managed Municipals Fd Shareholder Yield %?

Western Asset Managed Municipals Fd MMU +0.38% 33 Shareholder Yield % is 6.92% as of Nov. 2025, which is 58% above its 10-year median of 4.38. GuruFocus rates MMU with a GF Score™ of 33/100. The stock has 5 warning signs investors should review. Among 1,473 Asset Management companies, Western Asset Managed Municipals Fd ranks better than 63.41% on this metric.

Shareholder Yield % is how much money shareholders receive from a company that is in the form of cash dividends, net stock repurchases, and debt reduction. It is a measure of shareholder return. As of today, Western Asset Managed Municipals Fd's Shareholder Yield % was 6.92%.


Western Asset Managed Municipals Fd  (NYSE:MMU) Shareholder Yield % Explanation

Shareholder Yield % is how much money shareholders receive from a company that is in the form of cash dividends, net stock repurchases, and debt reduction. The term was coined by William W. Priest of Epoch Investment Partners in a paper in 2005 entitled The Case for Shareholder Yield as a Dominant Driver of Future Equity Returns. William Priest indicated that "shareholder yield is a term that we came up with to reflect the various ways dividends can be paid to owners of a business in a publicly-traded company."

Shareholder Yield % is calculated by three components: Dividend Yield %, Buyback Yield %, and Net Debt Paydown Yield %.

Dividend Yield % shows how much a company pays out in dividends each year relative to its stock price, which is most obvious form of shareholder return.

Buyback Yield % is the net repurchase of shares outstanding over the market capital of the company. Shares repurchases also increase shareholder value by returning the money back to shareholders.

Net Debt Paydown Yield % is the change in average of four quarters of company's total debt over a company's market cap. Assuming the total value of a company remains that same, shareholder value is increased as debt is reduced.


Western Asset Managed Municipals Fd Shareholder Yield % Related Terms


Western Asset Managed Municipals Fd Shareholder Yield % Historical Data

* Premium members only.

The historical data trend for Western Asset Managed Municipals Fd's Shareholder Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Western Asset Managed Municipals Fd Shareholder Yield % Chart

Western Asset Managed Municipals Fd Annual Data
Trend May18 May19 May20 May21 May22 May23 May24 May25
Shareholder Yield %
Get a 7-Day Free Trial 3.96 4.38 4.02 4.38 5.97

Western Asset Managed Municipals Fd Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
Shareholder Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.80 4.38 4.94 5.97 6.99

MMU vs GUT, TWN, NML: Shareholder Yield % Comparison

For the Asset Management subindustry, Western Asset Managed Municipals Fd's Shareholder Yield %, along with its competitors' market caps and Shareholder Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Western Asset Managed Municipals Fd Shareholder Yield % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Western Asset Managed Municipals Fd's Shareholder Yield % distribution charts can be found below:

* The bar in red indicates where Western Asset Managed Municipals Fd's Shareholder Yield % falls into.


MMU
33GF Score
Western Asset Managed Municipals Fd Inc MMU
Shareholder Yield % is just one metric. See GF Score™, valuation, warning signs, and more.
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Western Asset Managed Municipals Fd Shareholder Yield % Calculation

Western Asset Managed Municipals Fd's Shareholder Yield % for the quarter that ended in Nov. 2025 is calculated as:

Shareholder Yield %=Dividend Yield %+Buyback Yield %+Net Debt Paydown Yield %
=6.32 %+0.00 %+0.67 %
=6.99 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* All the data are calculated by TTM values. Note that if a companies is traded in several exchanges, then we calculate the company level data for Shareholder Yield % using the primary share class stock data. The calculation result in definition page is for demonstration purpose only, and it's showing the share class level data. Therefore, the numbers in the calculation may differ from elsewhere if the stock is not a primary share.

Frequently Asked Questions Learn more about Shareholder Yield % →
What does a Shareholder Yield % of 6.92% mean?
Western Asset Managed Municipals Fd (MMU) has a Shareholder Yield % of 6.92% as of Nov. 2025. Shareholder Yield is how much money shareholders receive from a company that is in the form of cash dividends, net stock repurchases, and debt reduction. View historical data on Western Asset Managed Municipals Fd and its competitors. This is 58% above median its historical median of 4.38. Over the past decade, Western Asset Managed Municipals Fd's Shareholder Yield % has ranged from 3.80 to 6.99. According to the industry distribution chart, Western Asset Managed Municipals Fd ranks #539 out of 1473 companies in the Asset Management industry, placing it in the top 36.6%.
Is Western Asset Managed Municipals Fd's Shareholder Yield % too high?
Western Asset Managed Municipals Fd's current Shareholder Yield % of 6.92% is 58% above median its 10-year median of 4.38. Over the past 10 years, this metric has ranged from a low of 3.80 to a high of 6.99. The Asset Management industry median Shareholder Yield % is 4.19. Western Asset Managed Municipals Fd's value of 6.92% is 65.2% above this industry median. Based on the distribution chart, Western Asset Managed Municipals Fd ranks #539 out of 1473 companies in the Asset Management industry, which is above the industry midpoint. Overall, Western Asset Managed Municipals Fd has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Western Asset Managed Municipals Fd's Shareholder Yield % compare to GUT and TWN?
According to the Asset Management industry distribution chart, Western Asset Managed Municipals Fd ranks #539 out of 1473 companies for Shareholder Yield %. This puts Western Asset Managed Municipals Fd in the upper half of its industry. The industry median Shareholder Yield % is 4.19. Western Asset Managed Municipals Fd's value of 6.92% is 65.2% above this benchmark. Historically, Western Asset Managed Municipals Fd's own Shareholder Yield % has ranged from 3.80 to 6.99 over the past decade. While the company's 10-year median is 4.38 vs. the industry median of 4.19, Western Asset Managed Municipals Fd has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shareholder Yield % for an Asset Management company?
The median Shareholder Yield % among Asset Management companies is 4.19, based on 1,473 companies in the industry. Companies in the top quartile (top 25%) have a Shareholder Yield % significantly above this median, while those in the bottom quartile fall well below. However, Shareholder Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Western Asset Managed Municipals Fd's current Shareholder Yield % of 6.92% is 65.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shareholder Yield % mean?
A high Shareholder Yield % can signal that a stock is expensive relative to its fundamentals. Shareholder Yield is how much money shareholders receive from a company that is in the form of cash dividends, net stock repurchases, and debt reduction. View historical data on Western Asset Managed Municipals Fd and its competitors. For the Asset Management industry, the median Shareholder Yield % is 4.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Asset Managed Municipals Fd's current Shareholder Yield % is 6.92%, which is 58% above median its own 10-year median of 4.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Asset Managed Municipals Fd stock overvalued right now?
Western Asset Managed Municipals Fd (MMU) has a current Shareholder Yield % of 6.92%. The current Shareholder Yield % is 6.92%, which is 58% above median its 10-year median of 4.38 and 65.2% above the Asset Management industry median of 4.19. Western Asset Managed Municipals Fd's overall GF Score™ is 33/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shareholder Yield % calculated?
Shareholder Yield % is calculated from a company's financial statements. For Western Asset Managed Municipals Fd (MMU), the current Shareholder Yield % is 6.92% as of Nov. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Western Asset Managed Municipals Fd Business Description

Address One Madison Avenue, 17th Floor, New York, NY, USA, 10010
Western Asset Managed Municipals Fd Inc is a non-diversified, closed-end management investment company. Its investment objective is to maximize current income exempted from federal income tax as is consistent with the preservation of principal. The fund predominantly invests in long-term investment grade municipal debt securities issued by state and local governments, political subdivisions, agencies, and public authorities (municipal obligations).
33GF Score

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