Western Asset Intermediate Muni Fund Inc. Announces Monthly Dividend of $0.02 (NYSE:SBI)

Western Asset Intermediate Muni Fund Inc. (NYSE:SBIGet Rating) announced a monthly dividend on Thursday, May 19th, Wall Street Journal reports. Investors of record on Wednesday, August 24th will be given a dividend of 0.0235 per share on Thursday, September 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Tuesday, August 23rd.

SBI traded up $0.05 during trading on Thursday, reaching $7.78. 41,182 shares of the stock were exchanged, compared to its average volume of 22,012. The business’s 50 day moving average price is $8.28 and its two-hundred day moving average price is $9.02. Western Asset Intermediate Muni Fund has a 1 year low of $7.72 and a 1 year high of $9.99.

Institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC lifted its position in shares of Western Asset Intermediate Muni Fund by 33.0% in the fourth quarter. LPL Financial LLC now owns 128,935 shares of the company’s stock valued at $1,243,000 after acquiring an additional 31,998 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Western Asset Intermediate Muni Fund by 25.8% in the first quarter. Royal Bank of Canada now owns 90,397 shares of the company’s stock valued at $777,000 after acquiring an additional 18,558 shares in the last quarter. Mariner LLC lifted its position in shares of Western Asset Intermediate Muni Fund by 75.0% in the first quarter. Mariner LLC now owns 65,981 shares of the company’s stock valued at $567,000 after acquiring an additional 28,268 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of Western Asset Intermediate Muni Fund in the fourth quarter valued at $111,000.

Western Asset Intermediate Muni Fund Company Profile (Get Rating)

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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Dividend History for Western Asset Intermediate Muni Fund (NYSE:SBI)

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