Western Asset Intermediate Muni Fund Inc. (SBI) to Issue Dividend of $0.02 on October 2nd

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) announced a dividend on Wednesday, August 2nd, NASDAQ reports. Stockholders of record on Friday, September 22nd will be paid a dividend of 0.0235 per share on Monday, October 2nd. The ex-dividend date is Thursday, September 21st.

Western Asset Intermediate Muni Fund Trading Up 0.1 %

Shares of NYSE SBI opened at $7.36 on Tuesday. The company’s 50-day simple moving average is $7.55 and its 200-day simple moving average is $7.67. Western Asset Intermediate Muni Fund has a 52-week low of $7.13 and a 52-week high of $8.08.

Institutional Trading of Western Asset Intermediate Muni Fund

Several institutional investors have recently modified their holdings of SBI. Rivernorth Capital Management LLC lifted its stake in shares of Western Asset Intermediate Muni Fund by 87.0% in the second quarter. Rivernorth Capital Management LLC now owns 572,418 shares of the company’s stock worth $4,362,000 after buying an additional 266,370 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Western Asset Intermediate Muni Fund by 56.4% in the second quarter. Stifel Financial Corp now owns 24,659 shares of the company’s stock worth $188,000 after buying an additional 8,889 shares in the last quarter. MML Investors Services LLC purchased a new position in shares of Western Asset Intermediate Muni Fund in the second quarter worth about $80,000. Susquehanna International Group LLP purchased a new position in shares of Western Asset Intermediate Muni Fund in the first quarter worth about $164,000. Finally, Clough Capital Partners L P purchased a new position in shares of Western Asset Intermediate Muni Fund in the first quarter worth about $1,062,000.

About Western Asset Intermediate Muni Fund

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.