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

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) announced a dividend on Wednesday, August 2nd, NASDAQ reports. Stockholders of record on Friday, September 22nd will be given a dividend of 0.0235 per share on Monday, October 2nd. The ex-dividend date is Thursday, September 21st.

Western Asset Intermediate Muni Fund Price Performance

NYSE SBI opened at $7.35 on Tuesday. The stock’s fifty day moving average price is $7.55 and its 200 day moving average price is $7.67. Western Asset Intermediate Muni Fund has a 1 year low of $7.13 and a 1 year high of $8.08.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SBI. Captrust Financial Advisors acquired a new stake in Western Asset Intermediate Muni Fund during the 2nd quarter valued at approximately $39,000. Dearborn Partners LLC purchased a new position in shares of Western Asset Intermediate Muni Fund during the 3rd quarter valued at about $77,000. MML Investors Services LLC purchased a new position in Western Asset Intermediate Muni Fund during the second quarter valued at approximately $80,000. HighTower Advisors LLC purchased a new position in shares of Western Asset Intermediate Muni Fund during the 4th quarter valued at approximately $152,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Western Asset Intermediate Muni Fund in the first quarter worth about $164,000.

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.