Nuveen Select Maturities Municipal Fund Plans Monthly Dividend of $0.03 (NYSE:NIM)

Nuveen Select Maturities Municipal Fund (NYSE:NIM - Get Free Report) declared a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Investors of record on Tuesday, July 15th will be paid a dividend of 0.0275 per share on Friday, August 1st. This represents a $0.33 annualized dividend and a yield of 3.59%. The ex-dividend date is Tuesday, July 15th.

Nuveen Select Maturities Municipal Fund Stock Performance

NIM stock traded up $0.01 during trading hours on Friday, hitting $9.18. The company's stock had a trading volume of 11,390 shares, compared to its average volume of 33,555. The stock has a 50 day moving average price of $9.06 and a two-hundred day moving average price of $9.04. Nuveen Select Maturities Municipal Fund has a 12 month low of $8.60 and a 12 month high of $9.64.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Nuveen Select Maturities Municipal Fund stock. Royal Bank of Canada boosted its stake in shares of Nuveen Select Maturities Municipal Fund (NYSE:NIM - Free Report) by 9.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,021 shares of the company's stock after purchasing an additional 7,101 shares during the quarter. Royal Bank of Canada owned 0.68% of Nuveen Select Maturities Municipal Fund worth $792,000 at the end of the most recent quarter. Institutional investors and hedge funds own 32.23% of the company's stock.

Nuveen Select Maturities Municipal Fund Company Profile

Nuveen Select Maturities Municipal Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests primarily in municipal securities rated Baa/BBB or better.