Nuveen Select Maturities Municipal Fund (NYSE:NIM – Get Free Report) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.0275 per share on Monday, February 3rd. This represents a $0.33 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Wednesday, January 15th.
Nuveen Select Maturities Municipal Fund has decreased its dividend by an average of 5.6% per year over the last three years.
Nuveen Select Maturities Municipal Fund Price Performance
Shares of NYSE NIM traded up $0.08 during midday trading on Friday, hitting $8.81. 96,371 shares of the stock traded hands, compared to its average volume of 67,836. The firm has a 50-day moving average of $8.92 and a two-hundred day moving average of $9.10. Nuveen Select Maturities Municipal Fund has a one year low of $8.60 and a one year high of $9.49.
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.
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