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

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) declared a monthly dividend on Monday, May 19th, Wall Street Journal reports. Stockholders of record on Friday, August 22nd will be given a dividend of 0.042 per share on Tuesday, September 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date is Friday, August 22nd.

Western Asset Intermediate Muni Fund has raised its dividend by an average of 8.1% annually over the last three years.

Western Asset Intermediate Muni Fund Trading Down 0.4%

Shares of SBI opened at $7.56 on Tuesday. Western Asset Intermediate Muni Fund has a 1-year low of $7.30 and a 1-year high of $8.29. The company has a 50-day moving average of $7.61 and a 200 day moving average of $7.81.

Institutional Trading of Western Asset Intermediate Muni Fund

An institutional investor recently raised its position in Western Asset Intermediate Muni Fund stock. Royal Bank of Canada increased its position in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 13.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,278 shares of the company’s stock after purchasing an additional 3,600 shares during the quarter. Royal Bank of Canada’s holdings in Western Asset Intermediate Muni Fund were worth $236,000 as of its most recent SEC filing.

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.