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

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) announced a monthly dividend on Thursday, November 20th. Stockholders of record on Friday, February 20th will be paid a dividend of 0.042 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, February 20th.

Western Asset Intermediate Muni Fund Stock Down 0.8%

NYSE:SBI opened at $7.73 on Friday. The business’s 50-day moving average price is $7.87 and its 200 day moving average price is $7.69. Western Asset Intermediate Muni Fund has a 52-week low of $7.30 and a 52-week high of $8.25.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Invesco Ltd. boosted its stake in shares of Western Asset Intermediate Muni Fund by 55.5% during the 2nd quarter. Invesco Ltd. now owns 205,096 shares of the company’s stock worth $1,542,000 after acquiring an additional 73,181 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Western Asset Intermediate Muni Fund by 6.6% during the second quarter. Raymond James Financial Inc. now owns 189,929 shares of the company’s stock valued at $1,428,000 after purchasing an additional 11,720 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Western Asset Intermediate Muni Fund by 1.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 157,567 shares of the company’s stock valued at $1,229,000 after purchasing an additional 1,957 shares during the period. Traub Capital Management LLC purchased a new position in Western Asset Intermediate Muni Fund in the 2nd quarter worth about $982,000. Finally, Whipplewood Advisors LLC raised its holdings in Western Asset Intermediate Muni Fund by 5.1% during the 3rd quarter. Whipplewood Advisors LLC now owns 89,424 shares of the company’s stock worth $707,000 after buying an additional 4,338 shares during the period.

Western Asset Intermediate Muni Fund Company Profile

Western Asset Intermediate Muni 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.