Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Raises Dividend to $0.04 Per Share

Western Asset Intermediate Muni Fund Inc. (NYSE:SBIGet Free Report) declared 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 an increase from Western Asset Intermediate Muni Fund’s previous dividend of $0.02.

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

Western Asset Intermediate Muni Fund Stock Performance

NYSE SBI traded down $0.04 during trading hours on Wednesday, reaching $7.85. 53,823 shares of the company were exchanged, compared to its average volume of 39,986. Western Asset Intermediate Muni Fund has a 1 year low of $7.60 and a 1 year high of $8.29. The business’s 50 day simple moving average is $7.93 and its 200-day simple moving average is $8.03.

Western Asset Intermediate Muni Fund Company Profile

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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.

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

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