Western Asset Intermediate Muni Fund Inc. (SBI) to Issue Monthly Dividend of $0.04 on June 30th

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) announced a monthly dividend on Thursday, May 14th. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.042 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Western Asset Intermediate Muni Fund Price Performance

NYSE:SBI opened at $7.75 on Friday. The firm has a 50-day moving average of $7.76 and a two-hundred day moving average of $7.80. Western Asset Intermediate Muni Fund has a 1-year low of $7.40 and a 1-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.