Western Asset Intermediate Muni Fund Inc. (SBI) to Issue Dividend of $0.04 on February 3rd

Western Asset Intermediate Muni Fund Inc. (NYSE:SBIGet Free Report) announced a dividend on Wednesday, January 22nd,investing.com reports. Shareholders of record on Monday, January 27th will be paid a dividend of 0.042 per share on Monday, February 3rd. This represents a yield of 6.42%. The ex-dividend date of this dividend is Friday, January 24th. This is a positive change from Western Asset Intermediate Muni Fund’s previous dividend of $0.02.

Western Asset Intermediate Muni Fund has raised its dividend payment by an average of 19.6% per year over the last three years.

Western Asset Intermediate Muni Fund Trading Down 0.4 %

Shares of NYSE:SBI traded down $0.04 during midday trading on Wednesday, hitting $7.85. 53,823 shares of the company’s stock were exchanged, compared to its average volume of 39,986. Western Asset Intermediate Muni Fund has a 12 month low of $7.60 and a 12 month high of $8.29. The stock has a 50 day moving average price of $7.93 and a 200-day moving average price of $8.03.

About Western Asset Intermediate Muni Fund

(Get Free Report)

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.

Read More

Dividend History for Western Asset Intermediate Muni Fund (NYSE:SBI)

Receive News & Ratings for Western Asset Intermediate Muni Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset Intermediate Muni Fund and related companies with MarketBeat.com's FREE daily email newsletter.