Nuveen Select Maturities Municipal Fund to Issue Monthly Dividend of $0.03 (NYSE:NIM)

Nuveen Select Maturities Municipal Fund (NYSE:NIM) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Investors 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 dividend yield of 3.75%. The ex-dividend date is Wednesday, January 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 Price Performance

NYSE NIM traded up $0.08 on Friday, reaching $8.81. 96,371 shares of the stock were exchanged, compared to its average volume of 67,836. Nuveen Select Maturities Municipal Fund has a one year low of $8.60 and a one year high of $9.49. The company’s 50-day simple moving average is $8.92 and its two-hundred day simple moving average is $9.10.

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.