Nuveen Select Maturities Municipal Fund (NIM) to Issue Monthly Dividend of $0.03 on June 1st

Nuveen Select Maturities Municipal Fund (NYSE:NIM) declared a monthly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be given a dividend of 0.029 per share on Monday, June 1st. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, May 15th.

Nuveen Select Maturities Municipal Fund Price Performance

NIM traded up $0.04 on Wednesday, hitting $9.32. 1,704 shares of the company were exchanged, compared to its average volume of 19,163. The firm has a fifty day simple moving average of $9.51 and a two-hundred day simple moving average of $9.44. Nuveen Select Maturities Municipal Fund has a 12 month low of $8.80 and a 12 month high of $9.94.

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.