Western Asset Intermediate Muni Fund Inc.
SBIFinancial Services · Stock · monthly payer
Forward Yield
6.96%
Annual Dividend
$0.50
Payout Ratio
83%
5-Yr Growth
11.8%
Ex-Date
Sep 23, 2026
Frequency
Monthly
Summary
As of September 2026, Western Asset Intermediate Muni Fund Inc. (SBI) yields 6.96% ($0.50 per share annually), with a blended fair-value estimate of $12.75 — +75% upside, so it screens as undervalued. Dividend safety grade: C (64/100). 3 years of dividend growth.
Is SBI a good dividend stock?
Yes, with caveatsWestern Asset Intermediate Muni Fund Inc. (SBI) pays a monthly dividend yielding 6.96% ($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
- 6.96%
- Payout Ratio
- 83%
- Annual Dividend
- $0.50
- 5-Yr Avg Growth
- 11.8%
- Ex-Dividend Date
- Sep 23, 2026
- Years of Growth
- 3
- Frequency
- monthly
- Beta
- 0.39
- Market Cap
- $102.1M
- P/E Ratio
- 11.9
- 5-Yr Total Return
- -24%
- 52-Week Range
- $7.23 – $8.01
- Dividend Safety
- C · 64/100
- Ever Cut?
- Yes (2020)
Frequently Asked Questions
SBI Price — Last 12 Months
Daily close
Price Return
1 Year
-7%
3 Years
+4%
5 Years
-24%
52-Week Range
$7.23 – $8.01
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SBI worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Western Asset Intermediate Muni Fund Inc. is $12.75 per share, versus a market price of $7.30. That implies 75% of upside — a margin of safety of about 43%.
Fair Value
$12.75
Current Price
$7.30
Upside
+75%
Margin of Safety
43%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 12.6% annual free-cash-flow growth. We model 11.8% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 11.8% stage-1 growth, 2.5% terminal growth, $0.61 EPS, $0.50 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SBI Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 24, 2026 | — | $0.0420 | regular |
| Jul 24, 2026 | — | $0.0420 | regular |
| Jun 23, 2026 | — | $0.0420 | regular |
| May 21, 2026 | — | $0.0420 | regular |
| Apr 23, 2026 | — | $0.0420 | regular |
| Mar 24, 2026 | — | $0.0420 | regular |
| Feb 20, 2026 | — | $0.0420 | regular |
| Jan 23, 2026 | — | $0.0420 | regular |
| Dec 23, 2025 | — | $0.0420 | regular |
| Nov 20, 2025 | — | $0.0420 | regular |
| Oct 24, 2025 | — | $0.0420 | regular |
| Sep 23, 2025 | — | $0.0420 | regular |
| Aug 22, 2025 | — | $0.0420 | regular |
| Jul 24, 2025 | — | $0.0420 | regular |
Income Calculator
At $0.50 / yr per share
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