Nuveen Select Maturities Municipal Fund (NYSE:NIM – Get Free Report) declared a monthly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be paid a dividend of 0.029 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, May 15th.
Nuveen Select Maturities Municipal Fund Price Performance
NYSE:NIM traded up $0.04 during trading hours on Wednesday, reaching $9.32. 204 shares of the company traded hands, compared to its average volume of 19,162. The firm’s 50-day moving average is $9.51 and its 200-day moving average is $9.44. Nuveen Select Maturities Municipal Fund has a 1-year low of $8.80 and a 1-year high of $9.94.
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.
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