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

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) declared a monthly dividend on Friday, February 21st, Wall Street Journal reports. Investors of record on Thursday, May 22nd will be given a dividend of 0.042 per share on Monday, June 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date is Thursday, May 22nd.

Western Asset Intermediate Muni Fund has raised its dividend payment by an average of 8.1% per year over the last three years.

Western Asset Intermediate Muni Fund Trading Down 0.4%

Western Asset Intermediate Muni Fund stock opened at $7.56 on Tuesday. The firm’s fifty day moving average is $7.61 and its 200 day moving average is $7.81. Western Asset Intermediate Muni Fund has a 12-month low of $7.30 and a 12-month high of $8.29.

Institutional Trading of Western Asset Intermediate Muni Fund

An institutional investor recently raised its position in Western Asset Intermediate Muni Fund stock. Royal Bank of Canada raised its holdings in shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 13.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,278 shares of the company’s stock after purchasing an additional 3,600 shares during the quarter. Royal Bank of Canada’s holdings in Western Asset Intermediate Muni Fund were worth $236,000 as of its most recent SEC filing.

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.