Dividend Information about Nuveen Select Maturities Municipal Fund: Everything You Need to Know Before Its Ex-Dividend Date on Sep 15, 2025

Nuveen Select Maturities Municipal Fund (NIM) has announced a cash dividend of $0.0290 per share, with an ex-dividend date set for Sep 15, 2025. The dividend will be paid on Oct 1, 2025, and the announcement was made on Sep 2, 2025. This payout is slightly lower than the average of the last 10 dividend payments, which stood at $0.0327 per share. The most recent prior dividend was issued on the same date as the announcement—Sep 2, 2025—and amounted to $0.0275 per share, also delivered as a cash dividend. Investors should note that the ex-dividend date is the last day to purchase shares and still qualify for the upcoming dividend distribution. Any transactions after that date will not entitle the investor to receive this payment.

Recently, there has been notable activity around Nuveen Select Maturities Municipal Fund, particularly in the area of short interest. Short interest in NIM has declined by 25.4% over the past week, signaling improved investor sentiment or a potential shift in market positioning. Analysts have interpreted this development as a sign of reduced bearish speculation, which could support the fund's price stability in the near term. Over the past few days, the fund's share price has also shown a modest increase, rising by 1.58% to $9.31 per share as of Sep 10, 2025, suggesting that the market has been responding positively to the recent developments.

As of late, another significant point of interest is the fund’s monthly dividend adjustments. On Sept 7, 2025, the fund raised its dividend to $0.029 per share, marking a 5.45% increase from the previous month’s payout. This adjustment reflects the fund’s ongoing efforts to balance yield with market conditions and investor expectations. Additionally, reports indicate that the fund’s current yield stands at 3.75%, with an average premium/discount of -8.0% across its historical performance. These figures suggest that while the fund remains a relatively stable option for income-seeking investors, it is currently trading at a discount to its net asset value, which could influence future price movements.

Since the last update, the fund has also been compared to similar municipal closed-end funds in terms of yield and performance. Nuveen Select Maturities Municipal Fund continues to maintain a competitive position, with a yield that is slightly lower than some peers but remains attractive for those seeking tax-advantaged income. The decline in short interest and the recent dividend increase both contribute to a more favorable outlook for the fund in the near term.

In conclusion, Nuveen Select Maturities Municipal Fund is preparing to distribute a cash dividend of $0.0290 per share, with the ex-dividend date scheduled for Sep 15, 2025. This is the final day for investors to purchase shares and qualify for the upcoming dividend. Investors who purchase the fund after this date will not be eligible to receive the dividend. Recent market developments, including a significant decline in short interest and a modest increase in the monthly payout, suggest a cautiously optimistic environment for the fund moving forward.