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

Nuveen Select Maturities Municipal Fund (NYSE:NIM) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.029 per share on Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, July 15th.

Nuveen Select Maturities Municipal Fund Trading Up 0.3%

Shares of NIM stock opened at $9.45 on Thursday. Nuveen Select Maturities Municipal Fund has a 1-year low of $8.97 and a 1-year high of $9.94. The stock’s fifty day simple moving average is $9.29 and its 200-day simple moving average is $9.42.

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.