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

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) announced a monthly dividend on Friday, May 24th, Wall Street Journal reports. Shareholders of record on Wednesday, July 24th will be paid a dividend of 0.042 per share on Thursday, August 1st. This represents a $0.50 annualized dividend and a yield of 6.53%. The ex-dividend date of this dividend is Wednesday, July 24th.

Western Asset Intermediate Muni Fund has increased its dividend by an average of 0.9% annually over the last three years and has increased its dividend annually for the last 2 consecutive years.

Western Asset Intermediate Muni Fund Price Performance

Shares of NYSE SBI opened at $7.72 on Friday. The business has a 50-day simple moving average of $7.82 and a two-hundred day simple moving average of $7.75. Western Asset Intermediate Muni Fund has a fifty-two week low of $6.96 and a fifty-two week high of $8.00.

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.