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

Nuveen Select Maturities Municipal Fund (NYSE:NIM) announced a monthly dividend on Tuesday, September 1st. Investors of record on Tuesday, September 15th will be given a dividend of 0.029 per share on Thursday, October 1st. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Tuesday, September 15th.

Nuveen Select Maturities Municipal Fund Stock Up 0.3%

Shares of Nuveen Select Maturities Municipal Fund stock opened at $9.02 on Friday. The stock has a 50 day moving average price of $9.30 and a two-hundred day moving average price of $9.38. Nuveen Select Maturities Municipal Fund has a 12-month low of $8.97 and a 12-month high of $9.94.

About Nuveen Select Maturities Municipal Fund

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.