iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Raises Dividend to $0.11 Per Share

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) announced a monthly dividend on Tuesday, March 31st, NASDAQ Dividends reports. Stockholders of record on Wednesday, April 1st will be given a dividend of 0.106 per share on Tuesday, April 7th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, April 1st. This is a 7.1% increase from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.10.

iShares Short-Term California Muni Active ETF Price Performance

Shares of NASDAQ:CALI traded down $0.07 on Wednesday, hitting $50.36. 27,561 shares of the company’s stock were exchanged, compared to its average volume of 74,374. The stock has a market capitalization of $259.35 million, a price-to-earnings ratio of -149.58 and a beta of 0.06. iShares Short-Term California Muni Active ETF has a 12 month low of $49.57 and a 12 month high of $50.79. The business’s 50 day simple moving average is $50.59 and its two-hundred day simple moving average is $50.56.

iShares Short-Term California Muni Active ETF Company Profile

The iShares Short-Term California Muni Active ETF (CALI) is an exchange-traded fund that mostly invests in investment grade fixed income. CALY is an actively managed fund that primarily invests in municipal securities exempt from federal income taxes. It will hold short-term, investment grade Muni bonds issued in California while aiming for an effective portfolio duration equal to or less than 1.5 years. CALI was launched on Jul 11, 2023 and is issued by BlackRock.