Nuveen Select Maturities Municipal Fund (NIM) to Issue Monthly Dividend of $0.03 on November 1st

Nuveen Select Maturities Municipal Fund (NYSE:NIM) announced a monthly dividend on Tuesday, October 1st, Wall Street Journal reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.0275 per share on Friday, November 1st. This represents a $0.33 annualized dividend and a yield of 3.55%. The ex-dividend date is Tuesday, October 15th.

Nuveen Select Maturities Municipal Fund has decreased its dividend by an average of 5.6% annually over the last three years.

Nuveen Select Maturities Municipal Fund Trading Up 0.1 %

Shares of Nuveen Select Maturities Municipal Fund stock traded up $0.01 on Thursday, reaching $9.30. The stock had a trading volume of 38,845 shares, compared to its average volume of 25,949. Nuveen Select Maturities Municipal Fund has a 1 year low of $8.28 and a 1 year high of $9.49. The business’s 50 day moving average is $9.24 and its two-hundred day moving average is $9.05.

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.