Western Asset Intermediate Muni Fund Inc. (NYSE:SBI – Get Free Report) announced a monthly dividend on Thursday, May 14th. Shareholders of record on Friday, July 24th will be paid a dividend of 0.042 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date is Friday, July 24th.
Western Asset Intermediate Muni Fund Stock Performance
SBI opened at $7.84 on Friday. The stock has a fifty day moving average of $7.77 and a 200-day moving average of $7.80. Western Asset Intermediate Muni Fund has a 12-month low of $7.40 and a 12-month high of $8.01.
Western Asset Intermediate Muni Fund Company Profile
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.
Featured Articles
- Five stocks we like better than Western Asset Intermediate Muni Fund
- Be Ready: 3 Upcoming Catalysts Could Drive Oracle to Record Highs
- 2 Ways to Play the Big Pharma Patent Cliff
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
Receive News & Ratings for Western Asset Intermediate Muni Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset Intermediate Muni Fund and related companies with MarketBeat.com's FREE daily email newsletter.
