Western Asset Intermediate Muni Fund Inc. (SBI) To Go Ex-Dividend on May 21st

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) announced a monthly dividend on Monday, February 23rd. Shareholders of record on Thursday, May 21st will be paid a dividend of 0.042 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Thursday, May 21st.

Western Asset Intermediate Muni Fund Stock Down 0.2%

Shares of NYSE SBI opened at $7.73 on Tuesday. Western Asset Intermediate Muni Fund has a 1-year low of $7.40 and a 1-year high of $8.01. The business’s fifty day moving average price is $7.76 and its two-hundred day moving average price is $7.80.

About Western Asset Intermediate Muni Fund

Western Asset Intermediate Muni Fund (NYSE: SBI) is a closed-end management investment company whose primary objective is to seek a high level of current income exempt from federal income taxes. The fund is sponsored and managed by Western Asset Management Company, a global fixed-income investment firm with a focus on municipal and other debt securities. SBI pursues its goal by investing predominantly in intermediate-duration municipal bonds, aiming to balance yield potential with interest rate risk management.

The portfolio typically comprises a diversified mix of investment-grade and, to a lesser extent, higher-yielding municipal securities issued by state and local governments and their agencies.