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

Nuveen Select Maturities Municipal Fund (NYSE:NIM) announced a monthly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be paid a dividend of 0.029 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, June 15th.

Nuveen Select Maturities Municipal Fund Trading Down 0.2%

Shares of Nuveen Select Maturities Municipal Fund stock opened at $9.33 on Tuesday. The firm’s 50-day moving average is $9.37 and its 200 day moving average is $9.43. Nuveen Select Maturities Municipal Fund has a 1 year low of $8.93 and a 1 year high of $9.94.

Nuveen Select Maturities Municipal Fund Company Profile

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.