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

Nuveen Select Maturities Municipal Fund (NYSE:NIMGet Free Report) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.029 per share on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

Nuveen Select Maturities Municipal Fund Stock Performance

Shares of NIM opened at $9.28 on Wednesday. The company’s fifty day simple moving average is $9.34 and its 200 day simple moving average is $9.41. Nuveen Select Maturities Municipal Fund has a 1-year low of $9.12 and a 1-year high of $9.94.

Nuveen Select Maturities Municipal Fund Company Profile

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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.

Further Reading

Dividend History for Nuveen Select Maturities Municipal Fund (NYSE:NIM)

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