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

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) announced a monthly dividend on Wednesday, February 19th, NASDAQ Dividends reports. Stockholders of record on Monday, March 24th will be paid a dividend of 0.042 per share on Tuesday, April 1st. This represents a $0.50 annualized dividend and a dividend yield of 6.44%. The ex-dividend date of this dividend is Monday, March 24th.

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

Western Asset Intermediate Muni Fund Price Performance

Shares of SBI stock opened at $7.83 on Friday. The firm’s 50 day moving average price is $7.83 and its two-hundred day moving average price is $7.98. Western Asset Intermediate Muni Fund has a 52-week low of $7.60 and a 52-week 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.