Western Asset Intermediate Muni Fund Inc. (SBI) To Go Ex-Dividend on February 20th

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) declared a monthly dividend on Thursday, November 20th. Investors of record on Friday, February 20th will be paid a dividend of 0.042 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Friday, February 20th.

Western Asset Intermediate Muni Fund Stock Performance

Shares of SBI opened at $7.97 on Wednesday. The firm has a 50 day simple moving average of $7.81 and a two-hundred day simple moving average of $7.80. Western Asset Intermediate Muni Fund has a one year low of $7.30 and a one year high of $8.01.

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.