Western Asset Intermediate Muni Fund Inc (NYSE:SBI) announced a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Stockholders of record on Friday, July 19th will be paid a dividend of 0.0275 per share on Thursday, August 1st. This represents a $0.33 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Thursday, July 18th.
Western Asset Intermediate Muni Fund has decreased its dividend payment by an average of 9.1% annually over the last three years.
Shares of Western Asset Intermediate Muni Fund stock opened at $8.84 on Thursday. Western Asset Intermediate Muni Fund has a 1 year low of $8.18 and a 1 year high of $8.92.
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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