Western Asset Intermediate Muni Fund Inc.

SBI

Financial Services · Asset Management · Stock · monthly payer

$7.25

Undervalued · +108% Add to Portfolio

Forward Yield

6.95%

Annual Dividend

$0.50

Payout Ratio

83%

5-Yr Growth

11.8%

Ex-Date

Oct 23, 2026

Frequency

Monthly

Key facts about SBI's dividend

Data as of Oct 18, 2026 · Source: SmarterDividends data

As of Oct 18, 2026, Western Asset Intermediate Muni Fund Inc. (SBI) has a forward dividend yield of 6.95%, based on an annual dividend of $0.50 per share and a share price of $7.25.
As of Oct 18, 2026, SBI's dividend safety grade from SmarterDividends is C (64 out of 100), which rates the dividend as borderline.
By SmarterDividends' count, Western Asset Intermediate Muni Fund Inc. (SBI) has raised its dividend for 3 consecutive years as of Oct 18, 2026.
SBI last cut its regular dividend in 2020.
SBI's next ex-dividend date is Oct 23, 2026, with payment on Oct 30, 2026. Shares must be owned before that date to receive the dividend.
As of Oct 18, 2026, SBI pays out 83% of its trailing 12-month earnings as dividends (its payout ratio).
SBI's dividend has grown at an average rate of 11.8% a year over the past five years.
As of Oct 18, 2026, SBI's 6.95% yield is 51% above its five-year average yield of 4.62%.
As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for SBI is $15.07 per share, 108% above the $7.25 share price, so SBI screens as undervalued.
Western Asset Intermediate Muni Fund Inc. (SBI) pays its dividend monthly, 12 times a year.
Western Asset Intermediate Muni Fund Inc. (SBI) has raised its regular dividend 12 times and cut it 15 times across the 419 payments on record since 1992. Its most recent change was a 35.5% increase to $0.0420 per share, going ex-dividend on Mar 20, 2024. The last cut went ex-dividend on Dec 19, 2019.

Cite this page

SmarterDividends, "SBI Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/SBI

Summary

As of Oct 18, 2026, Western Asset Intermediate Muni Fund Inc. (SBI) yields 6.95% ($0.50 a year per share), has a dividend safety grade of C (64/100) and has 3 consecutive years of dividend increases on record.

Is SBI a good dividend stock?

Yes, with caveats

Western Asset Intermediate Muni Fund Inc. (SBI) pays a monthly dividend yielding 6.95% ($0.50/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

Strong 11.8% 5-yr dividend growth

Risks

Cut its dividend in 2020
Share price is down over the past 5 years

Key Data

Dividend Yield: 6.95%
Payout Ratio: 83%
Annual Dividend: $0.50
5-Yr Avg Growth: 11.8%
Ex-Dividend Date: Oct 23, 2026
Years of Growth: 3
Frequency: monthly
Beta: 0.41
Market Cap: $102.1M
P/E Ratio: 11.9
5-Yr Total Return: -26%
52-Week Range: $6.86 – $8.01
Dividend Safety: C · 64/100
Ever Cut?: Yes (2020)

SBI dividend raises and cuts

Western Asset Intermediate Muni Fund Inc. (SBI) has raised its regular dividend 12 times and cut it 15 times across the 419 payments on record since 1992. Its most recent change was a 35.5% increase to $0.0420 per share, going ex-dividend on Mar 20, 2024. The last cut went ex-dividend on Dec 19, 2019.

Ex-date	Change	Old → new	Move
Mar 20, 2024	Raise	$0.0310 → $0.0420	+35.5%
Dec 20, 2023	Raise	$0.0240 → $0.0310	+29.2%
Dec 19, 2019	Cut	$0.0280 → $0.0240	−14.3%
Dec 20, 2018	Cut	$0.0300 → $0.0280	−6.7%
Mar 22, 2018	Cut	$0.0340 → $0.0300	−11.8%
Sep 21, 2017	Cut	$0.0360 → $0.0340	−5.6%
Dec 21, 2016	Cut	$0.0400 → $0.0360	−10.0%
Mar 17, 2010	Raise	$0.0370 → $0.0400	+8.1%
Sep 16, 2009	Raise	$0.0340 → $0.0370	+8.8%
Dec 19, 2007	Cut	$0.0350 → $0.0340	−2.9%
Oct 18, 2006	Cut	$0.0370 → $0.0350	−5.4%
Jan 20, 2006	Cut	$0.0400 → $0.0370	−7.5%

Show all 27 changes since 1993

Ex-date	Change	Old → new	Move
Oct 21, 2005	Cut	$0.0430 → $0.0400	−7.0%
Jul 22, 2005	Cut	$0.0510 → $0.0430	−15.7%
Oct 18, 2002	Raise	$0.0480 → $0.0510	+6.2%
Apr 19, 2002	Raise	$0.0460 → $0.0480	+4.3%
Jul 21, 2000	Raise	$0.0450 → $0.0460	+2.2%
Apr 20, 2000	Raise	$0.0440 → $0.0450	+2.3%
Aug 20, 1999	Raise	$0.0430 → $0.0440	+2.3%
Jul 23, 1999	Cut	$0.0440 → $0.0430	−2.3%
Jun 18, 1999	Raise	$0.0430 → $0.0440	+2.3%
Apr 23, 1999	Cut	$0.0450 → $0.0430	−4.4%
Mar 19, 1999	Raise	$0.0430 → $0.0450	+4.7%
Jan 5, 1999	Cut	$0.0450 → $0.0430	−4.4%
Mar 20, 1998	Cut	$0.0480 → $0.0450	−6.3%
Dec 19, 1996	Cut	$0.0500 → $0.0480	−4.0%
Jun 9, 1993	Raise	$0.0490 → $0.0500	+2.0%

Every SBI payment →Download every raise and cut (CSV)

SBI ex-dividend date & scheduleNext ex-date Oct 23, 2026 · full ex-dividend historyView →SBI dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is SBI a good dividend stock?

Yes, with caveats. Western Asset Intermediate Muni Fund Inc. (SBI) pays a monthly dividend yielding 6.95% ($0.50/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is SBI undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SBI's fair value is about $15.07 versus a $7.25 share price — so it looks undervalued (+108% vs. fair value).

Is SBI's dividend safe?

SBI has a dividend-safety grade of C (64/100), based on its payout coverage, free-cash-flow, 3-year growth streak, a dividend cut in 2020, debt and yield-versus-history.

What is SBI's fair value?

Our blended fair-value estimate for SBI is about $15.07 per share, roughly 108% above the current $7.25 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is SBI a buy, hold, or sell?

We don't issue formal ratings, but on the data SBI screens as "yes, with caveats" and undervalued. Western Asset Intermediate Muni Fund Inc. (SBI) pays a monthly dividend yielding 6.95% ($0.50/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will SBI cut its dividend?

SBI earns a dividend-safety grade of C (64/100), and has cut its dividend before (last in 2020). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does SBI pay a dividend?

Yes. Western Asset Intermediate Muni Fund Inc. pays a monthly dividend of about $0.50 per share annually, a forward yield of roughly 6.95%.

What is SBI's dividend yield?

As of Oct 18, 2026, SBI's forward dividend yield is 6.95%, based on a $0.50 annual dividend and a $7.25 share price.

What is SBI's dividend per share?

As of Oct 18, 2026, SBI pays $0.50 per share per year, distributed on a monthly basis.

What is SBI's dividend payout ratio?

As of Oct 18, 2026, SBI's payout ratio is 83% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has SBI grown its dividend?

As of Oct 18, 2026, SBI has increased its dividend for 3 consecutive years.

When is the next SBI ex-dividend date?

As of Oct 18, 2026, the next ex-dividend date on record for SBI is Oct 23, 2026.

Dividend Growth

Total dividends per share by year

Dividend History

Full SBI dividend history →

Ex-Date	Pay Date	Amount	Type
Sep 23, 2026	Sep 30, 2026	$0.0420	regular
Aug 24, 2026	Aug 31, 2026	$0.0420	regular
Jul 24, 2026	Jul 31, 2026	$0.0420	regular
Jun 23, 2026	Jun 30, 2026	$0.0420	regular
May 21, 2026	May 29, 2026	$0.0420	regular
Apr 23, 2026	Apr 30, 2026	$0.0420	regular
Mar 24, 2026	Mar 31, 2026	$0.0420	regular
Feb 20, 2026	Feb 27, 2026	$0.0420	regular
Jan 23, 2026	Jan 30, 2026	$0.0420	regular
Dec 23, 2025	Dec 31, 2025	$0.0420	regular
Nov 20, 2025	Dec 1, 2025	$0.0420	regular
Oct 24, 2025	Nov 3, 2025	$0.0420	regular
Sep 23, 2025	Oct 1, 2025	$0.0420	regular
Aug 22, 2025	Sep 2, 2025	$0.0420	regular