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

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) announced 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 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 increased its dividend payment by an average of 19.6% per year over the last three years.

Western Asset Intermediate Muni Fund Price Performance

Western Asset Intermediate Muni Fund stock traded down $0.04 during trading on Wednesday, reaching $7.85. The company had a trading volume of 53,823 shares, compared to its average volume of 39,986. The stock’s 50 day moving average price is $7.93 and its two-hundred day moving average price is $8.03. Western Asset Intermediate Muni Fund has a 12-month low of $7.60 and a 12-month 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.