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

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) declared a monthly dividend on Thursday, May 14th. Shareholders of record on Monday, August 24th will be given a dividend of 0.042 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Monday, August 24th.

Western Asset Intermediate Muni Fund Trading Up 0.4%

SBI stock traded up $0.04 during midday trading on Thursday, hitting $7.84. The company’s stock had a trading volume of 49,898 shares, compared to its average volume of 40,787. Western Asset Intermediate Muni Fund has a 12 month low of $7.40 and a 12 month high of $8.01. The company has a 50 day moving average of $7.77 and a two-hundred day moving average of $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.