Nuveen Select Maturities Municipal Fund (NYSE:NIM – Get Free Report) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.0275 per share on Monday, February 3rd. This represents a $0.33 annualized dividend and a yield of 3.75%. The ex-dividend date is Wednesday, January 15th.
Nuveen Select Maturities Municipal Fund has decreased its dividend by an average of 5.6% per year over the last three years.
Nuveen Select Maturities Municipal Fund Stock Up 0.9 %
NYSE NIM traded up $0.08 during trading on Friday, hitting $8.81. The company had a trading volume of 96,371 shares, compared to its average volume of 67,836. The company’s fifty day moving average is $8.92 and its 200-day moving average is $9.10. Nuveen Select Maturities Municipal Fund has a one year low of $8.60 and a one year high of $9.49.
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.
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