Western Asset Intermediate Muni Fund Inc (NYSE:SBI)’s stock price dropped 0.7% during mid-day trading on Wednesday . The company traded as low as $9.17 and last traded at $9.17, approximately 14,053 shares were traded during mid-day trading. A decline of 43% from the average daily volume of 24,593 shares. The stock had previously closed at $9.23.
The business has a 50 day simple moving average of $9.19 and a 200-day simple moving average of $9.10.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a dividend of $0.023 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Thursday, December 19th.
About Western Asset Intermediate Muni Fund (NYSE:SBI)
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.
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