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

Nuveen Select Maturities Municipal Fund (NYSE:NIM) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.029 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

Nuveen Select Maturities Municipal Fund Stock Performance

NIM stock opened at $9.28 on Wednesday. Nuveen Select Maturities Municipal Fund has a 52 week low of $9.12 and a 52 week high of $9.94. The business has a fifty day simple moving average of $9.34 and a 200-day simple moving average of $9.41.

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.