Western Asset Intermediate Muni Fund Inc. (SBI) To Go Ex-Dividend on September 22nd

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI – Get Rating) announced a monthly dividend on Thursday, August 4th, Wall Street Journal reports. Investors of record on Friday, September 23rd will be given a dividend of 0.0235 per share on Monday, October 3rd. This represents a $0.28 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Thursday, September 22nd.

Western Asset Intermediate Muni Fund Price Performance

NYSE:SBI opened at $8.27 on Friday. The stock has a 50 day simple moving average of $8.12 and a 200 day simple moving average of $8.42. Western Asset Intermediate Muni Fund has a 1-year low of $7.72 and a 1-year high of $9.99.

Hedge Funds Weigh In On Western Asset Intermediate Muni Fund

An institutional investor recently raised its position in Western Asset Intermediate Muni Fund stock. Royal Bank of Canada raised its stake in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI – Get Rating) by 25.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,397 shares of the company’s stock after acquiring an additional 18,558 shares during the period. Royal Bank of Canada’s holdings in Western Asset Intermediate Muni Fund were worth $777,000 at the end of the most recent quarter.

Western Asset Intermediate Muni Fund Company Profile

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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.