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

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) declared a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Thursday, May 22nd will be paid a dividend of 0.042 per share on Monday, June 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date is Thursday, May 22nd.

Western Asset Intermediate Muni Fund has increased its dividend payment by an average of 8.1% annually over the last three years.

Western Asset Intermediate Muni Fund Trading Up 0.2 %

Shares of NYSE:SBI traded up $0.02 on Thursday, hitting $7.93. The company had a trading volume of 72,333 shares, compared to its average volume of 58,140. The firm’s 50-day simple moving average is $7.81 and its two-hundred day simple moving average is $8.01. Western Asset Intermediate Muni Fund has a 1 year low of $7.60 and a 1 year high of $8.29.

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.