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NIM

Nuveen Select Maturities Municipal Fund (NIM) Dividend

Nuveen Select Maturities Municipal Fund · Financial Services · Asset Management · monthly payer

$8.97

Overvalued · -47% Add to Portfolio

As of Nov 13, 2026, Nuveen Select Maturities Municipal Fund (NIM) pays a monthly dividend of $0.0290 per share, or $0.35 a year, a 3.88% yield at its $8.97 share price. It pays every month. It has raised its dividend 3 years in a row and has a dividend safety grade of C.

Forward Yield

3.88%

Annual Dividend

$0.35

Payout Ratio

90%

5-Yr Growth

1.0%

Ex-Date

Sep 15, 2026

Frequency

Monthly

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Key facts about NIM's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 13, 2026, Nuveen Select Maturities Municipal Fund (NIM) has a forward dividend yield of 3.88%, based on an annual dividend of $0.35 per share and a share price of $8.97.
  • As of Nov 13, 2026, NIM's dividend safety grade from SmarterDividends is C (58 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Nuveen Select Maturities Municipal Fund (NIM) has raised its dividend for 3 consecutive years as of Nov 13, 2026.
  • NIM last cut its regular dividend in 2022.
  • NIM's most recent ex-dividend date was Oct 15, 2026, for a dividend of $0.0290 per share.
  • As of Nov 13, 2026, NIM pays out 90% of its trailing 12-month earnings as dividends (its payout ratio).
  • NIM's dividend has grown at an average rate of 1.0% a year over the past five years.
  • As of Nov 13, 2026, NIM's 3.88% yield is 17% above its five-year average yield of 3.33%.
  • As of Nov 13, 2026, SmarterDividends' blended fair-value estimate for NIM is $4.78 per share, 47% below the $8.97 share price, so NIM screens as overvalued.
  • Nuveen Select Maturities Municipal Fund (NIM) pays its dividend monthly, 12 times a year.
  • Nuveen Select Maturities Municipal Fund (NIM) has raised its regular dividend 15 times and cut it 22 times across the 396 payments on record since 1992. Its most recent change was a 3.6% increase to $0.0290 per share, going ex-dividend on Sep 15, 2025. The last cut went ex-dividend on Jan 13, 2022.
Cite this page

SmarterDividends, "NIM Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 13, 2026, https://smarterdividends.com/stocks/NIM

Is NIM a good dividend stock?

Yes, with caveats

Nuveen Select Maturities Municipal Fund (NIM) pays a monthly dividend yielding 3.88% ($0.35/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

    Risks

    • Cut its dividend in 2022
    • Elevated payout ratio (90%)
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    3.88%
    Payout Ratio
    90%
    Annual Dividend
    $0.35
    5-Yr Avg Growth
    1.0%
    Ex-Dividend Date
    Sep 15, 2026
    Years of Growth
    3
    Frequency
    monthly
    Beta
    0.23
    Market Cap
    $111.6M
    P/E Ratio
    23.0
    5-Yr Total Return
    -16%
    52-Week Range
    $8.46 – $9.94
    Dividend Safety
    C · 58/100
    Ever Cut?
    Yes (2022)

    NIM dividend raises and cuts

    Nuveen Select Maturities Municipal Fund (NIM) has raised its regular dividend 15 times and cut it 22 times across the 396 payments on record since 1992. Its most recent change was a 3.6% increase to $0.0290 per share, going ex-dividend on Sep 15, 2025. The last cut went ex-dividend on Jan 13, 2022.

    Ex-dateChangeOld → newMove
    Sep 15, 2025Raise$0.0280 → $0.0290+3.6%
    Jun 14, 2024Raise$0.0260 → $0.0280+7.7%
    Apr 13, 2023Raise$0.0250 → $0.0260+4.0%
    Jan 12, 2023Raise$0.0230 → $0.0250+8.7%
    Jul 14, 2022Raise$0.0210 → $0.0230+9.5%
    Jan 13, 2022Cut$0.0220 → $0.0210−4.5%
    Dec 14, 2021Raise$0.0210 → $0.0220+4.8%
    Oct 14, 2021Cut$0.0240 → $0.0210−12.5%
    Apr 14, 2021Cut$0.0270 → $0.0240−11.1%
    Sep 13, 2018Raise$0.0260 → $0.0270+3.8%
    Jan 11, 2018Cut$0.0280 → $0.0260−7.1%
    Dec 14, 2017Raise$0.0260 → $0.0280+7.7%
    Show all 37 changes since 1997
    Ex-dateChangeOld → newMove
    Sep 11, 2015Cut$0.0280 → $0.0260−7.1%
    Mar 11, 2015Cut$0.0290 → $0.0280−3.4%
    Mar 13, 2013Cut$0.0300 → $0.0290−3.3%
    Feb 13, 2013Raise$0.0290 → $0.0300+3.4%
    Jan 11, 2013Cut$0.0300 → $0.0290−3.3%
    Dec 12, 2012Cut$0.0320 → $0.0300−6.3%
    Mar 13, 2012Cut$0.0340 → $0.0320−5.9%
    Jun 13, 2011Cut$0.0350 → $0.0340−2.9%
    Mar 11, 2009Cut$0.0370 → $0.0350−5.4%
    Mar 13, 2007Cut$0.0380 → $0.0370−2.6%
    Sep 13, 2006Cut$0.0400 → $0.0380−5.0%
    Jan 11, 2006Cut$0.0410 → $0.0400−2.4%
    Dec 13, 2005Raise$0.0400 → $0.0410+2.5%
    Feb 11, 2005Raise$0.0390 → $0.0400+2.6%
    Jun 14, 2004Cut$0.0400 → $0.0390−2.5%
    May 12, 2004Raise$0.0390 → $0.0400+2.6%
    Dec 11, 2003Cut$0.0430 → $0.0390−9.3%
    Jun 12, 2002Cut$0.0460 → $0.0430−6.5%
    Mar 13, 2002Cut$0.0510 → $0.0460−9.8%
    Jan 11, 2002Cut$0.0790 → $0.0510−35.4%
    Dec 12, 2001Raise$0.0530 → $0.0790+49.1%
    Mar 13, 2000Raise$0.0520 → $0.0530+1.9%
    Apr 13, 1999Raise$0.0510 → $0.0520+2.0%
    Jan 13, 1998Cut$0.0520 → $0.0510−1.9%
    May 13, 1997Cut$0.0540 → $0.0520−3.7%
    Every NIM payment →Download every raise and cut (CSV)
    NIM ex-dividend date & scheduleNext ex-date Sep 15, 2026 · full ex-dividend historyView →NIM dividend historyEvery payment, totals by year, raises and cutsView →NIM dividend calculator100 shares pay $35.00 a year, $2.92 each monthCalculate →NIM total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

    Frequently Asked Questions

    Is NIM a good dividend stock?

    Yes, with caveats. Nuveen Select Maturities Municipal Fund (NIM) pays a monthly dividend yielding 3.88% ($0.35/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

    Is NIM undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NIM's fair value is about $4.78 versus a $8.97 share price — so it looks overvalued (-47% vs. fair value).

    Is NIM's dividend safe?

    NIM has a dividend-safety grade of C (58/100), based on its payout coverage, free-cash-flow, 3-year growth streak, a dividend cut in 2022, debt and yield-versus-history.

    What is NIM's fair value?

    Our blended fair-value estimate for NIM is about $4.78 per share, about 47% below the current $8.97 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is NIM a buy, hold, or sell?

    We don't issue formal ratings, but on the data NIM screens as "yes, with caveats" and overvalued. Nuveen Select Maturities Municipal Fund (NIM) pays a monthly dividend yielding 3.88% ($0.35/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

    Will NIM cut its dividend?

    NIM earns a dividend-safety grade of C (58/100), and has cut its dividend before (last in 2022). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does NIM pay a dividend?

    Yes. Nuveen Select Maturities Municipal Fund pays a monthly dividend of about $0.35 per share annually, a forward yield of roughly 3.88%.

    How much dividend does 100 shares of NIM pay?

    At $0.35 per share a year, 100 shares of NIM pay $35.00 a year in dividends before tax, about $2.92 each month. Buying them costs about $897 at the Nov 13, 2026 price.

    What is NIM's dividend yield?

    As of Nov 13, 2026, NIM's forward dividend yield is 3.88%, based on a $0.35 annual dividend and a $8.97 share price.

    What is NIM's dividend per share?

    As of Nov 13, 2026, NIM pays $0.35 per share per year, distributed on a monthly basis.

    What is NIM's dividend payout ratio?

    As of Nov 13, 2026, NIM's payout ratio is 90% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has NIM grown its dividend?

    As of Nov 13, 2026, NIM has increased its dividend for 3 consecutive years.

    When is the next NIM ex-dividend date?

    As of Nov 13, 2026, NIM's next ex-dividend date hasn't been announced. The most recent was Oct 15, 2026, for $0.0290 per share.

    Income Calculator

    At $0.35 / yr per share

    Per payment (monthly)$2.92
    Annual$35.00
    Monthly avg$2.92
    Full NIM dividend calculator →

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