Western Asset Intermediate Muni Fund Inc. (NYSE:SBI – Get Free Report) announced a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Thursday, May 22nd will be paid a dividend of 0.042 per share on Monday, June 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date of this dividend is Thursday, May 22nd.
Western Asset Intermediate Muni Fund has raised its dividend by an average of 8.1% annually over the last three years.
Western Asset Intermediate Muni Fund Stock Performance
SBI opened at $7.91 on Friday. The company’s 50 day moving average is $7.80 and its 200-day moving average is $8.01. Western Asset Intermediate Muni Fund has a 1-year low of $7.60 and a 1-year high of $8.29.
Western Asset Intermediate Muni Fund Company Profile
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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