Western Asset Intermediate Muni Fund Inc. (SBI) to Issue Monthly Dividend of $0.04 on March 31st

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) declared a monthly dividend on Monday, February 23rd. Shareholders of record on Tuesday, March 24th will be given a dividend of 0.042 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, March 24th.

Western Asset Intermediate Muni Fund Price Performance

SBI opened at $7.94 on Wednesday. The business’s 50-day moving average price is $7.82 and its two-hundred day moving average price is $7.81. Western Asset Intermediate Muni Fund has a 1 year low of $7.30 and a 1 year high of $8.01.

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.