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

Nuveen Select Maturities Municipal Fund (NYSE:NIM) announced a monthly dividend on Monday, November 2nd. Stockholders of record on Friday, November 13th will be paid a dividend of $0.0290 per share on Tuesday, December 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, November 13th.

Nuveen Select Maturities Municipal Fund Trading Down 0.5%

Nuveen Select Maturities Municipal Fund stock opened at $9.21 on Tuesday. The firm has a 50 day simple moving average of $8.98 and a 200-day simple moving average of $9.31. Nuveen Select Maturities Municipal Fund has a 12-month low of $8.46 and a 12-month high of $9.94.

About Nuveen Select Maturities Municipal Fund

Nuveen Select Maturities Municipal Fund (NYSE: NIM) is a closed-end investment company managed by Nuveen Asset Management, an investment manager within the TIAA organization. The fund is designed for investors seeking income that is generally exempt from regular federal income tax.

NIM invests primarily in a diversified portfolio of municipal bonds and other municipal obligations issued by states, cities, counties, territories, and related public entities in the United States. Its portfolio emphasizes securities with relatively short to intermediate maturities, which can provide exposure to the municipal bond market while seeking to manage interest-rate sensitivity.

The fund’s investments may support public-sector activities such as schools, transportation systems, utilities, healthcare facilities, and other community infrastructure.