Nuveen Select Maturities Municipal Fund (NYSE:NIM – Get Free Report) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be given 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
Shares of NYSE NIM opened at $8.81 on Friday. The firm has a fifty day moving average of $8.92 and a 200 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.
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.
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