Western Asset Intermediate Muni Fund Inc. (NYSE:SBI – Get Free Report) declared 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 payment by an average of 19.6% annually over the last three years.
Western Asset Intermediate Muni Fund Trading Down 0.7 %
Shares of SBI opened at $7.80 on Friday. Western Asset Intermediate Muni Fund has a fifty-two week low of $7.60 and a fifty-two week high of $8.29. The firm has a 50-day simple moving average of $7.93 and a 200-day simple moving average of $8.03.
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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