Western Asset Intermediate Muni Fund Inc. to Issue Monthly Dividend of $0.02 (NYSE:SBI)

Western Asset Intermediate Muni Fund Inc. (NYSE:SBIGet Rating) declared a monthly dividend on Thursday, August 4th, Wall Street Journal reports. Stockholders of record on Friday, September 23rd will be paid a dividend of 0.0235 per share on Monday, October 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Thursday, September 22nd.

Western Asset Intermediate Muni Fund Stock Down 0.5 %

SBI stock opened at $8.27 on Friday. The stock’s 50 day simple moving average is $8.12 and its 200 day simple moving average is $8.42. Western Asset Intermediate Muni Fund has a fifty-two week low of $7.72 and a fifty-two week high of $9.99.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Western Asset Intermediate Muni Fund stock. Mariner LLC grew its stake in shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBIGet Rating) by 75.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 65,981 shares of the company’s stock after purchasing an additional 28,268 shares during the period. Mariner LLC’s holdings in Western Asset Intermediate Muni Fund were worth $567,000 as of its most recent filing with the SEC.

About Western Asset Intermediate Muni Fund

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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.

See Also

Dividend History for Western Asset Intermediate Muni Fund (NYSE:SBI)

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