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

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) declared a monthly dividend on Friday, August 4th, Wall Street Journal reports. Stockholders of record on Wednesday, November 22nd will be paid a dividend of 0.0235 per share on Friday, December 1st. This represents a $0.28 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Tuesday, November 21st.

Western Asset Intermediate Muni Fund Stock Up 0.1 %

Shares of NYSE SBI opened at $7.49 on Monday. Western Asset Intermediate Muni Fund has a 1 year low of $6.96 and a 1 year high of $8.08. The firm’s 50-day moving average is $7.22 and its 200-day moving average is $7.48.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Rivernorth Capital Management LLC raised its position in shares of Western Asset Intermediate Muni Fund by 87.0% in the 2nd quarter. Rivernorth Capital Management LLC now owns 572,418 shares of the company’s stock valued at $4,362,000 after acquiring an additional 266,370 shares during the period. Clough Capital Partners L P acquired a new stake in shares of Western Asset Intermediate Muni Fund in the 1st quarter valued at approximately $1,062,000. UBS Group AG raised its position in shares of Western Asset Intermediate Muni Fund by 233.1% in the 4th quarter. UBS Group AG now owns 107,257 shares of the company’s stock valued at $814,000 after acquiring an additional 75,058 shares during the period. Logan Stone Capital LLC raised its position in shares of Western Asset Intermediate Muni Fund by 68.0% in the 4th quarter. Logan Stone Capital LLC now owns 125,471 shares of the company’s stock valued at $952,000 after acquiring an additional 50,773 shares during the period. Finally, LPL Financial LLC raised its position in shares of Western Asset Intermediate Muni Fund by 16.1% in the 1st quarter. LPL Financial LLC now owns 218,536 shares of the company’s stock valued at $1,728,000 after acquiring an additional 30,231 shares during the period.

Western Asset Intermediate Muni Fund Company Profile

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.