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In a buoyant trading session, Nuveen Select Maturities Municipal Fund (NIM) stock soared to a 52-week high, reaching a price level of $9.62. This peak comes as a significant marker for the $117.87 million fund, reflecting a robust performance with a 5.79% year-to-date return and an attractive 3.61% dividend yield. According to InvestingPro, the fund has maintained dividend payments for an impressive 34 consecutive years. Investors have shown increased confidence in NIM, as it navigates the municipal bond market, often favored for its tax-exempt interest income. The fund’s ability to reach this high point amidst fluctuating market conditions underscores its resilience, with a notably low beta of 0.25 and P/E ratio of 11. InvestingPro analysis reveals several more key metrics and insights available to subscribers, highlighting the fund’s strong market position and stability prospects.
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