Capital Group Dividend Value ETF (NYSEARCA:CGDV) to Issue Dividend Increase – $0.15 Per Share

Capital Group Dividend Value ETF (NYSEARCA:CGDV) declared a quarterly dividend on Tuesday, September 29th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.1522 per share on Thursday, October 1st. This represents a $0.61 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, September 30th. This is a 3.5% increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471.

Capital Group Dividend Value ETF Trading Up 0.2%

Shares of CGDV stock opened at $49.18 on Wednesday. The stock has a 50 day simple moving average of $49.86 and a 200-day simple moving average of $47.86. The company has a market cap of $38.50 billion, a price-to-earnings ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a 12-month low of $41.24 and a 12-month high of $51.63.

Capital Group Dividend Value ETF Company Profile

The Capital Group Dividend Value ETF (CGDV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in stocks of dividend-paying, large- and mid-cap US companies. The fund seeks to produce income exceeding the average yield on US stocks. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.