Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Increases Dividend to $0.08 Per Share

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) declared a monthly dividend on Tuesday, December 23rd. Investors of record on Wednesday, December 24th will be paid a dividend of 0.076 per share on Friday, December 26th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Wednesday, December 24th. This is a 26.2% increase from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06.

Capital Group Short Duration Municipal Income ETF Price Performance

CGSM stock traded down $0.07 during mid-day trading on Wednesday, reaching $26.33. 20,190 shares of the company traded hands, compared to its average volume of 184,117. Capital Group Short Duration Municipal Income ETF has a fifty-two week low of $25.55 and a fifty-two week high of $26.55. The firm’s 50 day moving average price is $26.37 and its 200 day moving average price is $26.28.

Capital Group Short Duration Municipal Income ETF Company Profile

The Capital Group Short Duration Municipal Income ETF (CGSM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund actively manages a portfolio of US municipal bonds exempt from regular federal income tax. The portfolio is mostly comprised of investment grade debts and the average portfolio duration is expected to be one year. CGSM was launched on Sep 26, 2023 and is issued by Capital Group.