Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Raises Dividend to $0.06 Per Share

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) announced a monthly dividend on Monday, September 28th. Investors of record on Tuesday, September 29th will be given a dividend of $0.0640 per share on Wednesday, September 30th. This represents a $0.77 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, September 29th. This is a 10.3% increase from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0580.

Capital Group Short Duration Municipal Income ETF Trading Down 0.2%

Shares of NYSEARCA:CGSM opened at $25.71 on Tuesday. The firm has a fifty day moving average price of $26.19 and a 200 day moving average price of $26.30. Capital Group Short Duration Municipal Income ETF has a 1-year low of $25.66 and a 1-year high of $26.68.

Capital Group Short Duration Municipal Income ETF Company Profile

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.