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

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) declared a monthly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, September 23rd will be given a dividend of 0.042 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Western Asset Intermediate Muni Fund Stock Down 0.1%

SBI stock opened at $7.61 on Thursday. Western Asset Intermediate Muni Fund has a one year low of $7.51 and a one year high of $8.01. The company has a 50 day moving average price of $7.78 and a two-hundred day moving average price of $7.80.

Institutional Trading of Western Asset Intermediate Muni Fund

Several institutional investors have recently made changes to their positions in SBI. CoreCap Advisors LLC purchased a new stake in shares of Western Asset Intermediate Muni Fund during the 2nd quarter worth about $32,000. Noble Wealth Management PBC raised its holdings in shares of Western Asset Intermediate Muni Fund by 30.0% during the 2nd quarter. Noble Wealth Management PBC now owns 44,763 shares of the company’s stock valued at $352,000 after buying an additional 10,340 shares during the period. Rivernorth Capital Management LLC boosted its holdings in Western Asset Intermediate Muni Fund by 0.6% in the 1st quarter. Rivernorth Capital Management LLC now owns 1,187,933 shares of the company’s stock worth $9,123,000 after acquiring an additional 7,396 shares during the period. Royal Bank of Canada raised its stake in shares of Western Asset Intermediate Muni Fund by 7.5% during the first quarter. Royal Bank of Canada now owns 67,497 shares of the company’s stock valued at $518,000 after purchasing an additional 4,716 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of Western Asset Intermediate Muni Fund by 1.8% during the first quarter. Cetera Investment Advisers now owns 180,685 shares of the company’s stock worth $1,388,000 after purchasing an additional 3,257 shares in the last quarter.

About Western Asset Intermediate Muni Fund

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.