Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) to Issue $0.04 Monthly Dividend

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) announced a monthly dividend on Friday, May 24th, Wall Street Journal reports. Stockholders of record on Friday, August 23rd will be paid a dividend of 0.042 per share on Tuesday, September 3rd. This represents a $0.50 annualized dividend and a dividend yield of 6.23%. The ex-dividend date of this dividend is Friday, August 23rd.

Western Asset Intermediate Muni Fund has raised its dividend by an average of 0.9% per year over the last three years.

Western Asset Intermediate Muni Fund Stock Down 0.1 %

NYSE SBI opened at $8.09 on Thursday. The business has a 50 day moving average price of $7.93 and a 200 day moving average price of $7.86. Western Asset Intermediate Muni Fund has a 1-year low of $6.96 and a 1-year high of $8.15.

About Western Asset Intermediate Muni Fund

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.