Nuveen Select Maturities Municipal Fund (NIM) to Issue Monthly Dividend of $0.03 on March 2nd

Nuveen Select Maturities Municipal Fund (NYSE:NIM) declared a monthly dividend on Monday, February 2nd. Shareholders of record on Friday, February 13th will be given a dividend of 0.029 per share on Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, February 13th.

Nuveen Select Maturities Municipal Fund Stock Performance

NYSE NIM opened at $9.63 on Wednesday. Nuveen Select Maturities Municipal Fund has a fifty-two week low of $8.80 and a fifty-two week high of $9.75. The stock’s 50-day moving average is $9.32 and its two-hundred day moving average is $9.28.

Institutional Investors Weigh In On Nuveen Select Maturities Municipal Fund

A number of large investors have recently added to or reduced their stakes in the stock. Schwarz Dygos Wheeler Investment Advisors LLC grew its holdings in Nuveen Select Maturities Municipal Fund by 3.7% during the second quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 39,945 shares of the company’s stock valued at $362,000 after purchasing an additional 1,421 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in Nuveen Select Maturities Municipal Fund by 17.6% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 16,700 shares of the company’s stock valued at $151,000 after purchasing an additional 2,500 shares during the period. Sightline Wealth Advisors LLC grew its holdings in Nuveen Select Maturities Municipal Fund by 21.1% in the 4th quarter. Sightline Wealth Advisors LLC now owns 14,715 shares of the company’s stock valued at $137,000 after buying an additional 2,563 shares during the last quarter. Uhlmann Price Securities LLC lifted its holdings in shares of Nuveen Select Maturities Municipal Fund by 3.8% during the second quarter. Uhlmann Price Securities LLC now owns 78,981 shares of the company’s stock worth $716,000 after buying an additional 2,914 shares during the last quarter. Finally, UBS Group AG boosted its position in shares of Nuveen Select Maturities Municipal Fund by 1.8% in the third quarter. UBS Group AG now owns 173,515 shares of the company’s stock valued at $1,607,000 after acquiring an additional 3,087 shares during the period. Institutional investors own 32.23% of the company’s stock.

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.