A closed-end fund called Western Asset Intermediate Municipal Fund (NYSE:SBI), which is run by Franklin Templeton, has announced a monthly dividend of $0.031 per share. The dividend will be paid to shareholders of record on January 24, 2024, and will be received on February 1, 2024. Jan. 23, 2024, is the last day to receive the payout.
The Western Asset Intermediate local Fund buys local bonds and is a closed-end fund. The fund’s goal is to give investors a lot of present income and capital growth. Franklin Templeton, a global financial management firm, is in charge of it.
The dividend of $0.031 per share was announced, and shareholders who owned shares on January 24, 2024, will get it every month. On February 1, 2024, the payment will be sent. Jan. 23, 2024, is the last day to receive the payout.
People who owned shares in the fund on the record date will be able to get the income. People who sell their shares before the ex-dividend date, on the other hand, will not get the money.
The Western Asset Intermediate Municipal Fund’s investment plan is to buy securities issued by cities and towns. The fund aims to give a good level of current income and capital growth. David T. Gavin, who is portfolio manager for the fund, has been in charge of city bond portfolios for more than 25 years.
Franklin Templeton is a global investment management company that has been handling investments for more than 70 years. The company is in charge of more than $1.5 trillion in assets. Franklin Templeton is in charge of many funds, and the Western Asset Intermediate Municipal Fund is one of them.
Western Asset Intermediate Municipal Fund has announced a monthly dividend of $0.031 per share. This is good news for owners of the fund. Franklin Templeton manages the fund’s investments, which are meant to give a high amount of current income and capital appreciation.
Between January 23, 2024, and January 24, 2024, the ex-dividend date and record date give buyers a chance to get the dividend payment.