Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Increases Dividend to $0.04 Per Share

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) announced a dividend on Thursday, January 23rd,investing.com reports. Shareholders of record on Monday, January 27th will be given a dividend of 0.042 per share on Monday, February 3rd. This represents a yield of 6.46%. The ex-dividend date of this dividend is Friday, January 24th. This is an increase from Western Asset Intermediate Muni Fund’s previous dividend of $0.02.

Western Asset Intermediate Muni Fund has raised its dividend by an average of 19.6% annually over the last three years.

Western Asset Intermediate Muni Fund Trading Down 0.7 %

NYSE:SBI traded down $0.06 on Thursday, hitting $7.80. The stock had a trading volume of 86,874 shares, compared to its average volume of 43,334. The firm’s fifty day simple moving average is $7.93 and its two-hundred day simple moving average is $8.03. 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.