Nuveen Select Maturities Municipal Fund (NIM) to Issue Monthly Dividend of $0.03 on February 2nd

Nuveen Select Maturities Municipal Fund (NYSE:NIM) declared a monthly dividend on Friday, January 2nd. Investors of record on Thursday, January 15th will be given a dividend of 0.029 per share on Monday, February 2nd. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, January 15th.

Nuveen Select Maturities Municipal Fund Stock Performance

NYSE:NIM traded up $0.02 during mid-day trading on Tuesday, hitting $9.42. 3,005 shares of the company traded hands, compared to its average volume of 21,663. The stock’s fifty day moving average price is $9.33 and its 200-day moving average price is $9.25. Nuveen Select Maturities Municipal Fund has a one year low of $8.77 and a one year high of $9.64.

Nuveen Select Maturities Municipal Fund Company Profile

Nuveen Select Maturities Municipal Fund (NYSE: NIM) is a diversified, closed-end management investment company managed by Nuveen Asset Management, a subsidiary of TIAA. Launched in January 2012, the fund seeks to provide shareholders with tax-exempt income by investing primarily in a broad range of municipal securities. Its portfolio is structured around a laddered maturity approach, which aims to balance yield opportunities with interest rate risk management across various maturity segments.

The fund’s investment strategy focuses on acquiring investment-grade and high-yield municipal bonds issued by state and local governments across the United States.