Western Asset Intermediate Muni Fund Inc. (NYSE:SBI – Get Free Report) declared a monthly dividend on Monday, February 23rd. Shareholders of record on Thursday, May 21st will be given a dividend of 0.042 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Thursday, May 21st.
Western Asset Intermediate Muni Fund Price Performance
Shares of NYSE:SBI opened at $7.92 on Tuesday. The company’s 50 day moving average is $7.82 and its two-hundred day moving average is $7.81. Western Asset Intermediate Muni Fund has a 52 week low of $7.30 and a 52 week high of $8.01.
About Western Asset Intermediate Muni Fund
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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