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

Key Points

• Nuveen Select Maturities Municipal Fund (NIM) declared a monthly dividend of $0.029 per share; shareholders of record on April 15 will be paid on May 1, implying an annualized yield of about 3.6% (ex-dividend date April 15).
• NIM shares traded down 0.3% to $9.54 on light volume (1,437 shares versus a 19,390 average), with a one-year range of $8.80–$9.94 and 50-/200-day moving averages of $9.62 and $9.43.
• The closed-end fund, managed by Nuveen Asset Management (TIAA), invests primarily in investment-grade and high-yield municipal bonds using a laddered maturity strategy to provide tax-exempt income and manage interest-rate risk.

Nuveen Select Maturities Municipal Fund (NYSE:NIM - Get Free Report) declared a monthly dividend on Wednesday, April 1st. Shareholders of record on Wednesday, April 15th will be given a dividend of 0.029 per share on Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Wednesday, April 15th.

Nuveen Select Maturities Municipal Fund Stock Down 0.3%

NYSE NIM traded down $0.03 on Monday, reaching $9.54. The company had a trading volume of 1,437 shares, compared to its average volume of 19,390. Nuveen Select Maturities Municipal Fund has a 1 year low of $8.80 and a 1 year high of $9.94. The firm has a 50-day moving average of $9.62 and a 200-day moving average of $9.43.

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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