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

Nuveen Select Maturities Municipal Fund (NYSE:NIM) declared a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.029 per share on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Tuesday, September 15th.

Nuveen Select Maturities Municipal Fund Stock Performance

NYSE:NIM traded down $0.07 during mid-day trading on Wednesday, hitting $9.28. 2,932 shares of the company traded hands, compared to its average volume of 17,149. The stock’s fifty day moving average price is $9.34 and its 200-day moving average price is $9.41. Nuveen Select Maturities Municipal Fund has a one year low of $9.12 and a one year 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.