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

Nuveen Select Maturities Municipal Fund (NYSE:NIM) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Investors of record on Monday, July 15th will be paid a dividend of 0.0275 per share on Thursday, August 1st. This represents a $0.33 annualized dividend and a yield of 3.65%. The ex-dividend date is Monday, July 15th.

Nuveen Select Maturities Municipal Fund has decreased its dividend payment by an average of 5.6% annually over the last three years.

Nuveen Select Maturities Municipal Fund Stock Performance

Shares of NIM stock traded up $0.03 during mid-day trading on Tuesday, hitting $9.03. The company’s stock had a trading volume of 14,708 shares, compared to its average volume of 27,032. The company’s fifty day simple moving average is $8.92 and its 200-day simple moving average is $8.94. Nuveen Select Maturities Municipal Fund has a 52 week low of $8.28 and a 52 week high of $9.30.

About Nuveen Select Maturities Municipal Fund

Nuveen Select Maturities Municipal Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests primarily in municipal securities rated Baa/BBB or better.