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

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) announced a monthly dividend on Monday, February 23rd. Stockholders of record on Tuesday, March 24th will be paid a dividend of 0.042 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Tuesday, March 24th.

Western Asset Intermediate Muni Fund Stock Up 0.1%

Shares of NYSE:SBI traded up $0.01 during trading on Monday, hitting $7.92. 39,348 shares of the company were exchanged, compared to its average volume of 35,801. The firm’s 50 day moving average price is $7.82 and its 200-day moving average price is $7.81. Western Asset Intermediate Muni Fund has a 12-month low of $7.30 and a 12-month 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.