Western Asset Intermediate Muni Fund Inc. (SBI) to Issue Monthly Dividend of $0.02 on September 1st

Posted by Defense World Staff on Aug 21st, 2023

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI – Get Free Report) declared a monthly dividend on Wednesday, May 17th, Wall Street Journal reports. Investors of record on Thursday, August 24th will be given a dividend of 0.0235 per share on Friday, September 1st. This represents a $0.28 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Wednesday, August 23rd.

Western Asset Intermediate Muni Fund Stock Up 0.3 %

Western Asset Intermediate Muni Fund stock opened at $7.61 on Monday. Western Asset Intermediate Muni Fund has a one year low of $7.13 and a one year high of $8.27. The business has a fifty day moving average price of $7.65 and a 200-day moving average price of $7.74.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SBI. Rivernorth Capital Management LLC increased its position in shares of Western Asset Intermediate Muni Fund by 87.0% during the second quarter. Rivernorth Capital Management LLC now owns 572,418 shares of the company’s stock valued at $4,362,000 after buying an additional 266,370 shares during the period. Stifel Financial Corp increased its holdings in Western Asset Intermediate Muni Fund by 56.4% during the 2nd quarter. Stifel Financial Corp now owns 24,659 shares of the company’s stock worth $188,000 after acquiring an additional 8,889 shares during the period. MML Investors Services LLC purchased a new stake in Western Asset Intermediate Muni Fund in the 2nd quarter worth approximately $80,000. Susquehanna International Group LLP bought a new position in Western Asset Intermediate Muni Fund in the 1st quarter valued at $164,000. Finally, Clough Capital Partners L P purchased a new position in shares of Western Asset Intermediate Muni Fund during the 1st quarter valued at $1,062,000.

About Western Asset Intermediate Muni Fund

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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.