Nuveen Select Maturities Municipal Fund (NIM) To Go Ex-Dividend on May 15th

Nuveen Select Maturities Municipal Fund (NYSE:NIM) announced a monthly dividend on Friday, May 2nd, Wall Street Journal reports. Shareholders of record on Thursday, May 15th will be paid a dividend of 0.0275 per share on Monday, June 2nd. This represents a $0.33 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Thursday, May 15th.

Nuveen Select Maturities Municipal Fund has raised its dividend by an average of 8.5% per year over the last three years.

Nuveen Select Maturities Municipal Fund Price Performance

Shares of NIM stock opened at $9.11 on Tuesday. Nuveen Select Maturities Municipal Fund has a 1 year low of $8.60 and a 1 year high of $9.64. The firm has a fifty day moving average price of $9.16 and a 200-day moving average price of $9.03.

Nuveen Select Maturities Municipal Fund Company Profile

Nuveen Select Maturities Municipal Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests primarily in municipal securities rated Baa/BBB or better.