Western Asset Intermediate Muni Fund Inc. (NYSE:SBI – Get Free Report) announced a — dividend on Wednesday, November 20th,Wall Street Journal reports. Shareholders of record on Friday, February 21st will be paid a dividend of 0.042 per share on Monday, March 3rd. This represents a yield of 6.2%. The ex-dividend date of this dividend is Friday, February 21st.
Western Asset Intermediate Muni Fund has increased its dividend by an average of 0.9% per year over the last three years.
Western Asset Intermediate Muni Fund Stock Performance
Shares of SBI traded down $0.02 during midday trading on Wednesday, hitting $8.07. 21,232 shares of the stock traded hands, compared to its average volume of 45,842. Western Asset Intermediate Muni Fund has a 1-year low of $7.46 and a 1-year high of $8.29. The business’s 50 day moving average price is $8.14 and its two-hundred day moving average price is $7.99.
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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