Capital Group Municipal Income ETF (NYSEARCA:CGMU) to Issue Monthly Dividend of $0.08

Capital Group Municipal Income ETF (NYSEARCA:CGMU) announced a monthly dividend on Thursday, October 29th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.0763 per share on Monday, November 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, October 30th. This is a 1.3% decrease from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0773.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA:CGMU traded up $0.01 during mid-day trading on Friday, hitting $26.73. The company’s stock had a trading volume of 1,165,388 shares, compared to its average volume of 1,601,094. The stock has a fifty day moving average of $26.48 and a 200-day moving average of $27.19. Capital Group Municipal Income ETF has a fifty-two week low of $25.73 and a fifty-two week high of $27.93.

About Capital Group Municipal Income ETF

The Capital Group Municipal Income ETF (CGMU) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds of varying maturities, exempt from regular federal income tax. CGMU was launched on Oct 25, 2022 and is managed by Capital Group.