Western Asset Intermediate Muni Fund Inc. (NYSE:SBI – Get Free Report) declared a monthly dividend on Friday, August 9th,Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 6.23%. The ex-dividend date is Thursday, November 21st.
Western Asset Intermediate Muni Fund has increased its dividend payment by an average of 0.9% per year over the last three years.
Western Asset Intermediate Muni Fund Price Performance
Shares of NYSE SBI opened at $8.09 on Tuesday. The stock has a fifty day simple moving average of $8.14 and a two-hundred day simple moving average of $7.98. Western Asset Intermediate Muni Fund has a 1-year low of $7.44 and a 1-year 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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