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

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

Western Asset Intermediate Muni Fund Stock Performance

Shares of Western Asset Intermediate Muni Fund stock opened at $7.84 on Friday. Western Asset Intermediate Muni Fund has a 1 year low of $7.40 and a 1 year high of $8.01. The business has a 50 day moving average price of $7.77 and a 200 day moving average price 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.