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

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

Western Asset Intermediate Muni Fund Stock Performance

SBI stock traded up $0.04 during mid-day trading on Thursday, hitting $7.84. 49,898 shares of the company were exchanged, compared to its average volume of 40,787. The firm’s 50 day simple moving average is $7.77 and its 200 day simple moving average is $7.80. Western Asset Intermediate Muni Fund has a 1-year low of $7.40 and a 1-year high of $8.01.

About Western Asset Intermediate Muni Fund

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.