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

Nuveen Select Maturities Municipal Fund (NYSE:NIM) announced a monthly dividend on Monday, March 2nd. Shareholders of record on Friday, March 13th will be given a dividend of 0.029 per share on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, March 13th.

Nuveen Select Maturities Municipal Fund Stock Performance

Shares of NIM stock traded down $0.04 during trading hours on Wednesday, hitting $9.65. The company had a trading volume of 6,898 shares, compared to its average volume of 20,381. Nuveen Select Maturities Municipal Fund has a fifty-two week low of $8.80 and a fifty-two week high of $9.94. The company’s fifty day moving average is $9.48 and its 200 day moving average is $9.36.

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.