Capital Group Core Balanced ETF (NYSEARCA:CGBL) to Issue Dividend Increase – $0.23 Per Share

Capital Group Core Balanced ETF (NYSEARCA:CGBL) announced a quarterly dividend on Wednesday, December 24th. Stockholders of record on Friday, December 26th will be paid a dividend of 0.2251 per share on Monday, December 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, December 26th. This is a 21.2% increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19.

Capital Group Core Balanced ETF Trading Up 0.3%

Shares of CGBL opened at $35.82 on Friday. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 25.37 and a beta of 0.69. The firm’s fifty day simple moving average is $35.00 and its 200-day simple moving average is $34.32. Capital Group Core Balanced ETF has a twelve month low of $28.22 and a twelve month high of $35.83.

Capital Group Core Balanced ETF Company Profile

The Capital Group Core Balanced ETF (CGBL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that offers a balanced approach to total return and capital preservation. The fund employs an active asset allocation strategy to invest in equities, debts, money market instruments, and cash. CGBL was launched on Sep 26, 2023 and is issued by Capital Group.