Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Declares Monthly Dividend of $0.03

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) declared a monthly dividend on Thursday, November 16th, Wall Street Journal reports. Investors of record on Wednesday, January 24th will be paid a dividend of 0.031 per share on Thursday, February 1st. This represents a $0.37 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend is Tuesday, January 23rd.

Western Asset Intermediate Muni Fund Stock Down 0.9 %

SBI opened at $7.42 on Thursday. The company has a fifty day moving average of $7.21 and a 200 day moving average of $7.48. Western Asset Intermediate Muni Fund has a fifty-two week low of $6.96 and a fifty-two week high of $8.08.

Institutional Investors Weigh In On Western Asset Intermediate Muni Fund

Several large investors have recently made changes to their positions in the company. Captrust Financial Advisors bought a new position in Western Asset Intermediate Muni Fund during the second quarter valued at approximately $39,000. Dearborn Partners LLC purchased a new position in shares of Western Asset Intermediate Muni Fund in the third quarter valued at $77,000. MML Investors Services LLC bought a new stake in Western Asset Intermediate Muni Fund in the second quarter worth $80,000. HighTower Advisors LLC purchased a new stake in Western Asset Intermediate Muni Fund during the fourth quarter valued at $152,000. Finally, Susquehanna International Group LLP bought a new position in Western Asset Intermediate Muni Fund during the first quarter valued at $164,000.

About Western Asset Intermediate Muni Fund

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.