Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) to Issue Monthly Dividend of $0.04

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) announced a monthly dividend on Wednesday, August 5th. Investors of record on Friday, October 23rd will be given a dividend of 0.042 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Friday, October 23rd.

Western Asset Intermediate Muni Fund Stock Performance

Shares of NYSE SBI opened at $7.61 on Thursday. Western Asset Intermediate Muni Fund has a 12-month low of $7.51 and a 12-month high of $8.01. The firm’s 50-day moving average price is $7.78 and its 200-day moving average price is $7.80.

Western Asset Intermediate Muni Fund Company Profile

Western Asset Intermediate Muni Fund (NYSE: SBI) is a closed-end management investment company whose primary objective is to seek a high level of current income exempt from federal income taxes. The fund is sponsored and managed by Western Asset Management Company, a global fixed-income investment firm with a focus on municipal and other debt securities. SBI pursues its goal by investing predominantly in intermediate-duration municipal bonds, aiming to balance yield potential with interest rate risk management.

The portfolio typically comprises a diversified mix of investment-grade and, to a lesser extent, higher-yielding municipal securities issued by state and local governments and their agencies.