Nuveen Select Maturities Municipal Fund (NYSE:NIM - Get Free Report) declared a monthly dividend on Tuesday, June 3rd, Wall Street Journal reports. Stockholders of record on Friday, June 13th will be paid a dividend of 0.0275 per share on Tuesday, July 1st. This represents a $0.33 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Friday, June 13th.
Nuveen Select Maturities Municipal Fund has increased its dividend payment by an average of 8.5% annually over the last three years.
Nuveen Select Maturities Municipal Fund Stock Performance
Shares of NIM traded down $0.04 during mid-day trading on Friday, hitting $8.98. The company's stock had a trading volume of 9,471 shares, compared to its average volume of 33,129. The firm has a 50-day moving average price of $9.08 and a 200 day moving average price of $9.03. Nuveen Select Maturities Municipal Fund has a fifty-two week low of $8.60 and a fifty-two week high of $9.64.
Hedge Funds 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 lifted its position in Nuveen Select Maturities Municipal Fund (NYSE:NIM - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,021 shares of the company's stock after acquiring an additional 7,101 shares during the period. Royal Bank of Canada owned about 0.68% of Nuveen Select Maturities Municipal Fund worth $792,000 as of its most recent SEC filing. Institutional investors own 32.23% of the company's stock.
About Nuveen Select Maturities Municipal Fund
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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.
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