Nuveen Select Maturities Municipal Fund (NYSE:NIM – Get Free Report) announced a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.029 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, September 15th.
Nuveen Select Maturities Municipal Fund Trading Down 0.3%
Nuveen Select Maturities Municipal Fund stock opened at $9.28 on Thursday. The business’s 50-day simple moving average is $9.34 and its 200-day simple moving average is $9.41. Nuveen Select Maturities Municipal Fund has a 52 week low of $9.12 and a 52 week 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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