Western Asset Intermediate Muni Fund Inc (NYSE:SBI) declared a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Shareholders of record on Friday, June 21st will be paid a dividend of 0.0275 per share on Monday, July 1st. This represents a $0.33 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Thursday, June 20th.
Western Asset Intermediate Muni Fund has decreased its dividend payment by an average of 9.1% per year over the last three years.
SBI stock traded up $0.01 during mid-day trading on Wednesday, hitting $8.84. The stock had a trading volume of 200 shares, compared to its average volume of 25,665. Western Asset Intermediate Muni Fund has a 1-year low of $8.18 and a 1-year high of $8.92.
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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