Nuveen Select Maturities Municipal Fund (NYSE:NIM) Plans Monthly Dividend of $0.03

Nuveen Select Maturities Municipal Fund (NYSE:NIM) announced a monthly dividend on Monday, February 2nd. Stockholders of record on Friday, February 13th will be given a dividend of 0.029 per share on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, February 13th.

Nuveen Select Maturities Municipal Fund Stock Up 1.6%

Shares of NYSE:NIM traded up $0.15 on Tuesday, hitting $9.63. 14,451 shares of the company’s stock were exchanged, compared to its average volume of 20,941. Nuveen Select Maturities Municipal Fund has a 12 month low of $8.80 and a 12 month high of $9.75. The business’s 50 day simple moving average is $9.32 and its two-hundred day simple moving average is $9.27.

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.