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

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) declared a dividend on Wednesday, January 22nd,investing.com reports. Investors of record on Monday, January 27th will be paid a dividend of 0.042 per share on Monday, February 3rd. This represents a yield of 6.42%. The ex-dividend date of this dividend is Friday, January 24th. This is a positive change from Western Asset Intermediate Muni Fund’s previous dividend of $0.02.

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

Western Asset Intermediate Muni Fund Stock Down 0.4 %

Shares of SBI stock traded down $0.04 during mid-day trading on Wednesday, hitting $7.85. The stock had a trading volume of 53,823 shares, compared to its average volume of 39,986. The company’s 50-day simple moving average is $7.93 and its 200-day simple moving average is $8.03. Western Asset Intermediate Muni Fund has a fifty-two week low of $7.60 and a fifty-two week 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.