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

Nuveen Select Maturities Municipal Fund (NYSE:NIM) declared a monthly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be paid a dividend of 0.029 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, August 14th.

Nuveen Select Maturities Municipal Fund Stock Performance

NYSE NIM opened at $9.20 on Tuesday. The firm has a 50-day moving average of $9.33 and a 200-day moving average of $9.43. Nuveen Select Maturities Municipal Fund has a 52-week low of $9.02 and a 52-week 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.