Western Asset Intermediate Muni Fund Inc. (NYSE:SBI – Get Free Report) declared a monthly dividend on Wednesday, August 5th. Shareholders of record on Friday, October 23rd will be paid a dividend of 0.042 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, October 23rd.
Western Asset Intermediate Muni Fund Stock Down 0.1%
NYSE:SBI opened at $7.61 on Thursday. The stock’s fifty day moving average price is $7.78 and its two-hundred day moving average price is $7.80. Western Asset Intermediate Muni Fund has a 52-week low of $7.51 and a 52-week high of $8.01.
Hedge Funds Weigh In On Western Asset Intermediate Muni Fund
Several large investors have recently made changes to their positions in SBI. CoreCap Advisors LLC bought a new position in Western Asset Intermediate Muni Fund in the second quarter valued at about $32,000. Private Advisor Group LLC bought a new stake in Western Asset Intermediate Muni Fund during the 3rd quarter worth about $91,000. Captrust Financial Advisors bought a new stake in Western Asset Intermediate Muni Fund during the 2nd quarter worth about $96,000. Closed End Fund Advisors Inc. acquired a new position in Western Asset Intermediate Muni Fund during the 4th quarter valued at about $134,000. Finally, Janney Montgomery Scott LLC lifted its position in Western Asset Intermediate Muni Fund by 12.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 19,850 shares of the company’s stock valued at $152,000 after purchasing an additional 2,200 shares during the period.
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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