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

Nuveen Select Maturities Municipal Fund (NYSE:NIM - Get Free Report) declared a monthly dividend on Tuesday, June 3rd, Wall Street Journal reports. Investors of record on Friday, June 13th will be given a dividend of 0.0275 per share on Tuesday, July 1st. This represents a $0.33 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Friday, June 13th.

Nuveen Select Maturities Municipal Fund has raised its dividend by an average of 8.5% annually over the last three years.

Nuveen Select Maturities Municipal Fund Price Performance

Shares of NYSE NIM traded up $0.01 during mid-day trading on Thursday, hitting $9.02. The stock had a trading volume of 7,792 shares, compared to its average volume of 33,271. The company has a 50 day moving average of $9.10 and a two-hundred day moving average of $9.03. Nuveen Select Maturities Municipal Fund has a twelve month low of $8.60 and a twelve month high of $9.64.

Institutional Investors Weigh In On Nuveen Select Maturities Municipal Fund

A hedge fund recently raised its stake 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% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 85,021 shares of the company's stock after purchasing an additional 7,101 shares during the period. Royal Bank of Canada owned approximately 0.68% of Nuveen Select Maturities Municipal Fund worth $792,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 32.23% of the company's stock.

About Nuveen Select Maturities Municipal Fund

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.