Western Asset Intermediate Muni Fund: Key Dividend and News Updates Before Ex-Dividend Date Aug 22, 2025

Western Asset Intermediate Muni Fund (SBI) has announced a cash dividend of $0.042 per share, with an ex-dividend date set for Aug 22, 2025, and a payment date of Sep 2, 2025. This dividend is notably higher compared to the average of the last ten dividends, which stands at approximately $0.029. The announcement was made on May 15, 2025. Previously, on Aug 1, 2025, the company also distributed a cash dividend of $0.042 per share.

Recently, several significant developments have emerged regarding Western Asset Intermediate Muni Fund. As of late, RiverNorth Capital Management disclosed ownership of 1,399,124 common shares, accounting for a 9.94% stake in the company. This announcement could influence market perceptions and investor confidence in the fund's stability and potential.

Over the past week, insights have highlighted the fund's performance, with its latest yield reported at 6.571% amidst a price of $7.67. The fund is currently trading at an 8.1% discount, a factor that might attract investors seeking opportunities in tax-exempt municipal bonds. Additionally, industry analyses have underscored the fund's competitive position, mentioning its premium/discount dynamics compared to peers, potentially impacting its appeal to investors.

Furthermore, analysts have noted recent moves by Franklin Templeton Fund Adviser, LLC, which announced distributions for similar funds in the municipal bonds category. Such updates are relevant as they speak to trends and investor sentiment within the broader market, potentially affecting Western Asset Intermediate Muni Fund's operations.

In conclusion, Western Asset Intermediate Muni Fund's upcoming ex-dividend date on Aug 22, 2025, marks the last opportunity for investors to purchase shares and be eligible for the dividend. Any acquisitions made after this date will not qualify for the current dividend distribution.