Nuveen Select Maturities Municipal Fund (NYSE:NIM – Get Free Report) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Investors of record on Wednesday, May 15th will be paid a dividend of 0.026 per share on Monday, June 3rd. This represents a $0.31 annualized dividend and a yield of 3.50%. The ex-dividend date is Tuesday, May 14th.
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 Trading Up 0.3 %
Shares of NYSE:NIM opened at $8.91 on Friday. Nuveen Select Maturities Municipal Fund has a 52-week low of $8.28 and a 52-week high of $9.45. The company has a 50-day simple moving average of $8.91 and a 200 day simple moving average of $8.86.
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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