Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Raises Dividend to $0.07 Per Share

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) announced a dividend on Thursday, March 27th, NASDAQ Dividends reports. Investors of record on Friday, March 28th will be given a dividend of 0.0681 per share on Monday, March 31st. The ex-dividend date is Friday, March 28th. This is a 34.9% increase from Capital Group Short Duration Municipal Income ETF’s previous dividend of $0.05.

Capital Group Short Duration Municipal Income ETF Trading Down 0.1 %

Shares of NYSEARCA:CGSM traded down $0.02 on Friday, hitting $25.99. The company had a trading volume of 132,232 shares, compared to its average volume of 153,563. The firm’s 50-day simple moving average is $26.11 and its two-hundred day simple moving average is $26.13. Capital Group Short Duration Municipal Income ETF has a 1 year low of $25.54 and a 1 year high of $26.34.

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.