Nuveen Select Maturities Municipal Fund (NYSE:NIM) to Issue Dividend Increase - $0.03 Per Share

Key Points

• The Nuveen Select Maturities Municipal Fund (NYSE:NIM) announced a monthly dividend of $0.03 per share, an increase of 5.5% from the previous month.
• Record stockholders will receive the dividend on October 1st, with the ex-dividend date set for September 15th.
• The share price of NIM is currently trading at $9.17, with a 52-week range between $8.60 and $9.64.

Nuveen Select Maturities Municipal Fund (NYSE:NIM - Get Free Report) announced a monthly dividend on Tuesday, September 2nd, Wall Street Journal reports. Investors of record on Monday, September 15th will be given a dividend of 0.029 per share on Wednesday, October 1st. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, September 15th. This is a 5.5% increase from Nuveen Select Maturities Municipal Fund's previous monthly dividend of $0.03.

Nuveen Select Maturities Municipal Fund Trading Up 0.8%

Shares of NYSE:NIM traded up $0.07 during trading on Monday, reaching $9.28. The company had a trading volume of 18,536 shares, compared to its average volume of 17,775. The firm's fifty day moving average is $9.12 and its 200 day moving average is $9.11. Nuveen Select Maturities Municipal Fund has a twelve month low of $8.60 and a twelve month high of $9.64.

Nuveen Select Maturities Municipal Fund Company Profile

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.