Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) to Issue Monthly Dividend of $0.06

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) declared a monthly dividend on Thursday, January 29th. Stockholders of record on Friday, January 30th will be given a dividend of 0.058 per share on Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, January 30th.

Capital Group Short Duration Municipal Income ETF Trading Down 0.2%

Shares of Capital Group Short Duration Municipal Income ETF stock traded down $0.05 during trading on Friday, reaching $26.50. The company’s stock had a trading volume of 50,995 shares, compared to its average volume of 255,931. The business’s 50-day moving average price is $26.40 and its 200-day moving average price is $26.35. Capital Group Short Duration Municipal Income ETF has a 52 week low of $25.55 and a 52 week high of $26.55.

About Capital Group Short Duration Municipal Income ETF

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.