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 Tuesday, June 23rd will be paid a dividend of 0.042 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Tuesday, June 23rd.

Western Asset Intermediate Muni Fund Stock Up 0.4%

SBI stock traded up $0.04 during midday trading on Thursday, reaching $7.84. 49,898 shares of the company’s stock traded hands, compared to its average volume of 40,787. Western Asset Intermediate Muni Fund has a 52-week low of $7.40 and a 52-week high of $8.01. The stock’s 50-day moving average is $7.77 and its 200 day moving average is $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.