Western Asset Intermediate Muni Fund Inc. (NYSE:SBI – Get Free Report) announced a monthly dividend on Friday, August 9th,Wall Street Journal reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.042 per share on Monday, December 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date is Thursday, November 21st.
Western Asset Intermediate Muni Fund has raised its dividend payment by an average of 0.9% annually over the last three years.
Western Asset Intermediate Muni Fund Price Performance
Shares of SBI opened at $8.09 on Tuesday. The stock has a 50 day moving average of $8.14 and a 200 day moving average of $7.98. Western Asset Intermediate Muni Fund has a 12 month low of $7.44 and a 12 month high of $8.29.
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.
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