Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Declares $0.04 Monthly Dividend

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) announced a monthly dividend on Thursday, May 14th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of 0.042 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Tuesday, June 23rd.

Western Asset Intermediate Muni Fund Trading Up 0.4%

NYSE SBI traded up $0.04 during trading hours on Thursday, reaching $7.84. 49,898 shares of the company’s stock traded hands, compared to its average volume of 40,787. Western Asset Intermediate Muni Fund has a 52-week low of $7.40 and a 52-week high of $8.01. The firm has a 50-day simple moving average of $7.77 and a 200 day simple moving average of $7.80.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SBI. Private Advisor Group LLC purchased a new position in Western Asset Intermediate Muni Fund in the third quarter worth about $91,000. Captrust Financial Advisors purchased a new position in Western Asset Intermediate Muni Fund in the second quarter worth about $96,000. Closed End Fund Advisors Inc. purchased a new position in Western Asset Intermediate Muni Fund in the fourth quarter worth about $134,000. Janney Montgomery Scott LLC raised its holdings in Western Asset Intermediate Muni Fund by 12.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 19,850 shares of the company’s stock worth $152,000 after buying an additional 2,200 shares during the last quarter. Finally, IHT Wealth Management LLC raised its holdings in Western Asset Intermediate Muni Fund by 25.4% in the second quarter. IHT Wealth Management LLC now owns 20,328 shares of the company’s stock worth $153,000 after buying an additional 4,113 shares during the last quarter.

About Western Asset Intermediate Muni Fund

Western Asset Intermediate Muni Fund (NYSE: SBI) is a closed-end management investment company whose primary objective is to seek a high level of current income exempt from federal income taxes. The fund is sponsored and managed by Western Asset Management Company, a global fixed-income investment firm with a focus on municipal and other debt securities. SBI pursues its goal by investing predominantly in intermediate-duration municipal bonds, aiming to balance yield potential with interest rate risk management.

The portfolio typically comprises a diversified mix of investment-grade and, to a lesser extent, higher-yielding municipal securities issued by state and local governments and their agencies.