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

by · The Markets Daily

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI – Get Free Report) announced a monthly dividend on Wednesday, August 5th. Shareholders of record on Friday, November 20th will be paid a dividend of 0.042 per share on Monday, November 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, November 20th.

Western Asset Intermediate Muni Fund Trading Down 0.1%

Shares of SBI opened at $7.61 on Thursday. Western Asset Intermediate Muni Fund has a 52-week low of $7.51 and a 52-week high of $8.01. The business’s fifty day moving average is $7.78 and its 200-day moving average is $7.80.

Western Asset Intermediate Muni Fund Company Profile

(Get Free Report)

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.

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