NIM (Nuveen Select Maturities Municipal Fund) Dividend Payout Ratio: 1.74 (As of Mar. 2026) — 93% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NIM Nuveen Select Maturities Municipal Fund NIM
47 GF Score
Price $9.24
GF Value $13.99
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Nuveen Select Maturities Municipal Fund Dividend Payout Ratio?

Nuveen Select Maturities Municipal Fund NIM +0.49% 47 Dividend Payout Ratio is 1.74 as of Mar. 2026, which is 93% above its 10-year median of 0.90. GuruFocus rates NIM with a GF Score™ of 47/100 and a GF Value™ of $13.99 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 931 Asset Management companies, Nuveen Select Maturities Municipal Fund ranks worse than 62.94% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Nuveen Select Maturities Municipal Fund's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.74.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Nuveen Select Maturities Municipal Fund is 0.90, which seems too high.

The historical rank and industry rank for Nuveen Select Maturities Municipal Fund's Dividend Payout Ratio or its related term are showing as below:

NIM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.9   Max: 27.7
Current: 0.9

During the past 9 years, the highest Dividend Payout Ratio of Nuveen Select Maturities Municipal Fund was 27.70. The lowest was 0.45. And the median was 0.90.

NIM's Dividend Payout Ratio is ranked worse than
62.94% of 931 companies
in the Asset Management industry
Industry Median: 0.62 vs NIM: 0.90

As of today (2026-09-09), the Dividend Yield % of Nuveen Select Maturities Municipal Fund is 3.77%.

During the past 9 years, the highest Trailing Annual Dividend Yield of Nuveen Select Maturities Municipal Fund was 4.06%. The lowest was 2.79%. And the median was 3.13%.

Nuveen Select Maturities Municipal Fund's Dividends per Share for the months ended in Mar. 2026 was $0.17.

During the past 12 months, Nuveen Select Maturities Municipal Fund's average Dividends Per Share Growth Rate was -5.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 7.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.20% per year.

During the past 9 years, the highest 3-Year average Dividends Per Share Growth Rate of Nuveen Select Maturities Municipal Fund was 10.80% per year. The lowest was -5.50% per year. And the median was 0.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Nuveen Select Maturities Municipal Fund (NYSE:NIM) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Nuveen Select Maturities Municipal Fund Dividend Payout Ratio Related Terms

Nuveen Select Maturities Municipal Fund Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Nuveen Select Maturities Municipal Fund's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nuveen Select Maturities Municipal Fund Dividend Payout Ratio Chart

Nuveen Select Maturities Municipal Fund Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only 0.00 27.70 0.89 2.42 0.90

Nuveen Select Maturities Municipal Fund Semi-Annual Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.25 0.75 0.00 0.60 1.74

NIM vs JHI, DMO, GLU: Dividend Payout Ratio Comparison

For the Asset Management subindustry, Nuveen Select Maturities Municipal Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nuveen Select Maturities Municipal Fund Dividend Payout Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Select Maturities Municipal Fund's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Nuveen Select Maturities Municipal Fund's Dividend Payout Ratio falls into.


NIM
47GF Score
Nuveen Select Maturities Municipal Fund NIM
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nuveen Select Maturities Municipal Fund Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Nuveen Select Maturities Municipal Fund's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Mar. 2026 )/ EPS without NRI (A: Mar. 2026 )
=0.342/ 0.38
=0.90

Nuveen Select Maturities Municipal Fund's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.174/ 0.1
=1.74

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 1.74 mean?
Nuveen Select Maturities Municipal Fund (NIM) has a Dividend Payout Ratio of 1.74 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Nuveen Select Maturities Municipal Fund and its competitors. This is 93% above median its historical median of 0.90. Over the past decade, Nuveen Select Maturities Municipal Fund's Dividend Payout Ratio has ranged from 0.45 to 27.70. According to the industry distribution chart, Nuveen Select Maturities Municipal Fund ranks #586 out of 931 companies in the Asset Management industry, placing it in the top 62.9%.
Is Nuveen Select Maturities Municipal Fund's Dividend Payout Ratio too high?
Nuveen Select Maturities Municipal Fund's current Dividend Payout Ratio of 1.74 is 93% above median its 10-year median of 0.90. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 27.70. The Asset Management industry median Dividend Payout Ratio is 0.62. Nuveen Select Maturities Municipal Fund's value of 1.74 is 180.6% above this industry median. Based on the distribution chart, Nuveen Select Maturities Municipal Fund ranks #586 out of 931 companies in the Asset Management industry, which is below the industry midpoint. Overall, Nuveen Select Maturities Municipal Fund has a GF Score™ of 47/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nuveen Select Maturities Municipal Fund's Dividend Payout Ratio compare to JHI and DMO?
According to the Asset Management industry distribution chart, Nuveen Select Maturities Municipal Fund ranks #586 out of 931 companies for Dividend Payout Ratio. This places Nuveen Select Maturities Municipal Fund in the lower half of its industry. The industry median Dividend Payout Ratio is 0.62. Nuveen Select Maturities Municipal Fund's value of 1.74 is 180.6% above this benchmark. Historically, Nuveen Select Maturities Municipal Fund's own Dividend Payout Ratio has ranged from 0.45 to 27.70 over the past decade. While the company's 10-year median is 0.90 vs. the industry median of 0.62, Nuveen Select Maturities Municipal Fund has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Asset Management company?
The median Dividend Payout Ratio among Asset Management companies is 0.62, based on 931 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nuveen Select Maturities Municipal Fund's current Dividend Payout Ratio of 1.74 is 180.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Nuveen Select Maturities Municipal Fund and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen Select Maturities Municipal Fund's current Dividend Payout Ratio is 1.74, which is 93% above median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Select Maturities Municipal Fund stock overvalued right now?
Based on GuruFocus' analysis, Nuveen Select Maturities Municipal Fund (NIM) is currently considered Significantly Undervalued. The stock's GF Value™ is $13.99, compared to a current price of $9.24 — trading 34% below its estimated fair value. The current Dividend Payout Ratio is 1.74, which is 93% above median its 10-year median of 0.90 and 180.6% above the Asset Management industry median of 0.62. Nuveen Select Maturities Municipal Fund's overall GF Score™ is 47/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Nuveen Select Maturities Municipal Fund (NIM), the current Dividend Payout Ratio is 1.74 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nuveen Select Maturities Municipal Fund (NIM) Overvalued in 2026?

Based on GuruFocus' analysis, Nuveen Select Maturities Municipal Fund stock appears to be undervalued. The current stock price of $9.24 is trading 34% below its estimated GF Value™ of $13.99. GuruFocus considers Nuveen Select Maturities Municipal Fund to be Significantly Undervalued.

Key valuation signals for NIM:

  • Dividend Payout Ratio: 1.74 (93% above median its 10-year median of 0.90)
  • GF Value™: $13.99 vs. price of $9.24 (34% below fair value)
  • GF Score™: 47/100 with 1 warning sign
  • Industry Position: 180.6% above the Asset Management median (#586 of 931)

No single metric tells the full story. See the NIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nuveen Select Maturities Municipal Fund Business Description

Address 333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen Select Maturities Municipal Fund is a diversified closed-end management investment company. Its primary investment objective is to provide current income exempt from regular federal income tax, consistent with the preservation of capital. Its secondary investment objective is to enhance portfolio value relative to the municipal bond market through investments in tax-exempt municipal obligations that are underrated or undervalued, or that represent municipal market sectors that are undervalued. The fund has single operating segment.
47GF Score

Get the complete analysis for NIM

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$9.24
Price
$13.99
GF Value