Western Asset Intermediate Muni Fund Inc. (SBI) to Issue Monthly Dividend of $0.04 on March 31st

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) announced a monthly dividend on Monday, February 23rd. Shareholders of record on Tuesday, March 24th will be paid a dividend of 0.042 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Tuesday, March 24th.

Western Asset Intermediate Muni Fund Trading Down 1.1%

Western Asset Intermediate Muni Fund stock opened at $7.74 on Friday. The stock has a fifty day moving average price of $7.88 and a two-hundred day moving average price of $7.84. Western Asset Intermediate Muni Fund has a 52-week low of $7.30 and a 52-week high of $8.01.

Western Asset Intermediate Muni Fund Company Profile

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.