Western Asset Intermediate Muni Fund Inc. (SBI) to Issue Monthly Dividend of $0.04 on November 30th

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) declared a monthly dividend on Wednesday, August 5th. Shareholders of record on Friday, November 20th will be paid a dividend of 0.042 per share on Monday, November 30th. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date is Friday, November 20th.

Western Asset Intermediate Muni Fund Stock Up 0.3%

SBI stock opened at $7.62 on Friday. The business has a 50-day simple moving average of $7.78 and a 200 day simple moving average of $7.80. Western Asset Intermediate Muni Fund has a 52 week low of $7.51 and a 52 week high of $8.01.

Institutional Trading of Western Asset Intermediate Muni Fund

Several large investors have recently bought and sold shares of SBI. CoreCap Advisors LLC bought a new position in shares of Western Asset Intermediate Muni Fund during the second quarter valued at $32,000. Noble Wealth Management PBC lifted its stake in shares of Western Asset Intermediate Muni Fund by 30.0% in the 2nd quarter. Noble Wealth Management PBC now owns 44,763 shares of the company’s stock valued at $352,000 after purchasing an additional 10,340 shares during the period. Rivernorth Capital Management LLC lifted its position in shares of Western Asset Intermediate Muni Fund by 0.6% during the 1st quarter. Rivernorth Capital Management LLC now owns 1,187,933 shares of the company’s stock valued at $9,123,000 after acquiring an additional 7,396 shares during the period. Royal Bank of Canada grew its stake in shares of Western Asset Intermediate Muni Fund by 7.5% in the 1st quarter. Royal Bank of Canada now owns 67,497 shares of the company’s stock valued at $518,000 after buying an additional 4,716 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of Western Asset Intermediate Muni Fund by 1.8% during the first quarter. Cetera Investment Advisers now owns 180,685 shares of the company’s stock valued at $1,388,000 after acquiring an additional 3,257 shares in 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.