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

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) announced a monthly dividend on Monday, February 23rd. Investors of record on Thursday, April 23rd will be paid a dividend of 0.042 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Thursday, April 23rd.

Western Asset Intermediate Muni Fund Price Performance

SBI stock traded up $0.01 during trading on Monday, reaching $7.92. 39,348 shares of the company were exchanged, compared to its average volume of 35,801. Western Asset Intermediate Muni Fund has a twelve month low of $7.30 and a twelve month high of $8.01. The company has a 50-day moving average of $7.82 and a two-hundred day moving average of $7.81.

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.